Stock Market Analysis – 12-03-2008
December 3, 2008 at 11:13 pm · Filed Under Broader Market
A strong finish today puts us closer to where we started at beginning of the current drop (highlighted above). That also coincides with the trendline that’s been pacing the crash, but just because we may break that one, I wouldn’t call it a victory for the bulls. It would just mean that we aren’t at a crash pace anymore, but the line drawn yesterday or the longer term (weekly chart) lines are the ones I’m following closer. Take it as a stronger than normal bullish sign if we can keep up this run with good volume again tomorrow, but I still wouldn’t open any long positions if that happened.
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