the market is now entering more resistance and it will be harder work between 13,200-400...I am not bearish, but would take some off the table, stock by stock of course. The VIX is also getting closer to its first target in the lo 20's.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=3&g=0&i=t18401020635&r=5414.png
hard work
Started by
tommyt
, Aug 22 2007 09:22 AM
1 reply to this topic
#2
ogm
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- Traders-Talk User
- 13,780 posts
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Posted 22 August 2007 - 09:26 AM
I think 200 more DOW points is very doable there. MACD on SPX daily already crossing positive, and internals look good.
Daily summations have finaly made a turn and accelerating upwards.
