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Non-Tech : Bill Wexler's Trading Cabana
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To: Bill Wexler who wrote (5212)4/2/2009 4:57:30 PM
From: RockyBalboa  Read Replies (1) of 6370
 
As the market continues to trade regardless of fundamentals some measuring is perhaps approbiate. As it took lower old support levels, 732 (76.4%), 775, 807, and now 840 the 880 test is in sight, its less than 5% to go. After that it becomes hairy.

it would meet the years high, 945 and the long term resistance somewhere in late May 2009 (after 10-Ks are filed, read and understood by people, or not).

Still possible that stocks run up into banks´earnings (also due april) and then they peter off as people realize that those earnings are perhaps of low quality.
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