Monday, September 15, 2008

Signs Of A Short-term Bottom?

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks got off to a scary start yesterday morning, as several of the major indices dipped below their prior closing lows from July, but an impressive bullish reversal day enabled the broad market to finish significantly higher. The S&P 500 and Nasdaq Composite started the day with matching losses of 1.7%, but the bulls bought into weakness for a change, causing the indices to rally 3% off their intraday lows to close higher by 1.4% and 1.3% respectively. The blue-ch[...]

Read More...

[Source: The Money Blogs]

No comments: