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Strategies & Market Trends : Ask DrBob

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From: chichi2	12/6/2008 11:57:08 AM
	of 100058

Good_EOF MajorMoves Comments for 12/05 by Chi2 siliconinvestor.com ==================================================================== AmateurInvestors: Mid Week Analysis Dec_3_08 (note Date) amateur-investor.net ===================================================================== Boxer "Explosive 5-Wave Snapback Rally!"_12/05_StkOfDay=_XHB_12/04 Boxer "Chart of Day Video" = StkOfDay=_XHB_12/04 thetechtrader.com Boxer "Explosive 5-Wave Snapback Rally!" An Excerpt "...Held the weekly support lows and rallied sharply in the afternoon to complete a successful retest and closed back above the declining tops line of the last 4 weeks, particularly on the Nasdaq 100." "Overhead resistance around 1200, if taken out, could lead to much higher levels on the NDX, and a move over 900-910 zone on the S&P 500 could also do well. But today's late rally on no news indicated that the market was exhausted to the downside and augurs well for next week." Boxer Closing Comments COMPLETE thetechtrader.com ====================================================================

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