« If you're bullish... | Main | If you're bearish (long term negative signals edition)... »
Many markets have broken significant up trend lines and are now in well-defined down channels.
The NASDAQ has broken a long term trend line from 2004 and is in a strong down channel.
The NYSE is still clinging to the bottom support line but it too looks like it's in a well defined downtrend on the 60 minute chart.
Until the short term downtrends are broken to the upside, there's no chance that the market can stage any type of a recovery.
This is only a preview. Your comment has not yet been posted.
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Victor Sperandeo: Trader Vic II : Principles of Professional Speculation (Wiley Trading)
Benjamin Graham: The Intelligent Investor: The Definitive Book On Value Investing, Revised Edition
Warren Buffett: The Essays of Warren Buffett : Lessons for Corporate America
Peter Lynch: One Up On Wall Street : How To Use What You Already Know To Make Money In The Market
Edwin Lefèvre: Reminiscences of a Stock Operator (A Marketplace Book)
Alexander Elder: Trading for a Living: Psychology, Trading Tactics, Money Management
Michelle Leder: Financial Fine Print: Uncovering a Company's True Value
JIM ROGERS: Investment Biker : Around the World with Jim Rogers
get your job site
at simplyhired.com
look at rip dvd to avi with confident for promotion code
Posted by: evornwesley | January 09, 2012 at 04:07 AM