Is China supporting the US markets in the final hour? The swings are huge and some believe that only a foreign entity with mega assets is able to push stocks with such power. But the implications are just as bearish as they are bullish. Someone is dumping stocks at the close and someone is picking them up. Who will win? For now, it's traders who have learned to cash in when it comes their way and not hold on.
We will stick to charts in order to filter out the noise.
-8.8-758619.jpg)
NYSE tagged the old May trendline support, now resistance, at 9798. It's also 50% of the entire correction.
We will stick to charts in order to filter out the noise.
-8.8-758629.jpg)
NYSE tagged the old May trendline support, now resistance, at 9798. It's also 50% of the entire correction.
This entry was posted
on Wednesday, August 08, 2007 at 8/08/2007 10:14:00 PM.
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