S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for These
Important Levels!
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A tug-of-war with no clear winner—that's what the stock market seemed to be
playing this week. With a Fed meeting, key economic data, and more earnings
on ...
2009-09-01
Crucial Technical Moment?
From what I'm reading, the chartists seem to agree that the markets are at a technical crossroads. Here's Careful, Bears!! from Tim Knight and Do Or Die! from Evil Speculator, who wonders if this signals the commencement of an Elliot Wave Primary 3 wave. Wave three of five is the most powerful and delivers the largest gains or losses, depending on the direction.
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Charts
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