The DOW did indeed go down and test its 200 ema at 11958 (see last post) and stocks find their footing, especially techs. It looks like the worst could be over for now, as long as the Yen does not start another bid.
The ADDEC lines are still negative so this bounce is not to be completely trusted, although I would not necessarily short it. NQ needs to close above 1754.25 in order to set up further gains tomorrow and Friday.
The ADDEC lines are still negative so this bounce is not to be completely trusted, although I would not necessarily short it. NQ needs to close above 1754.25 in order to set up further gains tomorrow and Friday.
This entry was posted
on Wednesday, March 14, 2007 at 3/14/2007 01:14:00 PM.
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