Stock Market Analysis – 07-25-2008

July 27, 2008 at 1:17 am · Filed Under Broader Market 

SPY Weekly Chart

The week ended on a low note again, putting us right against the support level from earlier this year again.  The low closing relative to the week’s trading range suggests downward pressure.  With more bailouts coming along every day, I see this whole mess dragging along, propping up the economy from a complete collapse, but not really reversing it for a while.  So who loses out in this whole thing?  Who do you think?

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