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Strategies & Market Trends : Ask DrBob

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From: chichi21/12/2009 11:48:59 PM
   of 100058
 
01/12/09 MajorMoves by Chi2

siliconinvestor.com

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Boxer Closing Comments 01/12/09

EXCERPT
the indices had an immediate negative follow-through, taking out Friday's lows early in the morning, and then cascaded lower for most of the session until the last hour, when they managed to snapback off the rising trendline on the Nasdaq 100, although the S&P 500 is now below that. We'll be watching key support just beneath in the 858-60 zone tomorrow for further clues.

By Harry Boxer, The Technical Trader
thetechtrader.com

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