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Wednesday, May 16, 2007 

Indices don't STOP

Chart courtesy of stockcharts

All days I heard the same music, New High at Dowjones...........new Record. The Dow Jones industrials rose 103 points to another closing record at 13487. Even trading in overbought conditions indices don't stop.

Chart courtesy of stockcharts

Medarex shares were up today more than 3.48% to 15.16$ breaking out an important resistance at 14.804. Stock is now ready to retest the previous highs at 16.23$. Indicators are all indicating a Bullish pattern for stock. Keep an eye on MEDX.

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 examples.

That's All. Have a nice evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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