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Friday, August 03, 2007 

Bull still active

Chart courtesy of stockcharts

SP 500 have touched yesterday in the 200 dma line and reaction was immediately, however it's seems to me that this short Bearish Sentiment should not cause much more impact in this indice. For me the correction must be over for now, I suppose. Bull Market still active, let's see................
Resistance at 1489 , Support 1450.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

See you later,

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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