25th August: The S&P 500 and the Dow broke out of short term wedges, suggesting a retesting of previous lows. On the other hand, new lows on the NYSE are modest, giving a chance of further upside.
The Volume is missing, MACD is going down, WEATHER STORM IS COMING FOR DOW AND S/P 500
Today(8/25/08) the Dow and s/p 500 drop around 2%!
All sectors are in negative territory with conglomerates (-2.45%), capital goods(-2.09%) and financial(-1.9%)
BEWARE!!!!!
No comments:
Post a Comment