DD
here were my thoughts at the beginning of the week for the Dow and SP5
techstocks.com
and todays thoughts
Message 5890521
I don't have DAX, FTSE, OR CAC 40. Will have to check to see if QP carries the data for them. If so I will try to get to them this weekend. I am a bit busy tonight.
Nasdaq outlook via magnets: 1459 to 1455.7, 1477.7 strong mag, 1528.3 normal mag., 1591.8, 1684.5 to 1636.5, 1655.4, 1719, 1757.3, 1782.6, 1846.2, 1909.8, 1944 to 1952
If the downtrend at 1684.5 fails to hold I feel the next downtrend will be tested in the mid 1400 area. I see no reason other than short term oversold for the market to start rising on strength for the mid to long term. A 1-2 day pop is possible and probable as the SP5 and Dow both bounced off support nicely today.
ht
david |
