Tuesday, April 7, 2009

Funky Wording For Wedding

When the rally fizzles out?

Since my last analysis has virtually nothing to change the situation. The upside breakout in the S & P500 has been clearly confirmed. Meanwhile, the index of the 850-mark has knocked them but can not overcome. For several days the mood on the stock market is once again become a little worse. Is this just a breather during the rally or are you heading south again?

order to answer this question: can a good use of the chart of the bank index. This is now the second time within a few days on the down trend line rebounded. It has now a possible double top formation is formed, which predicts well for a target price in the banking index of about 18th This chart is very negative. Also, the chart of the S & P500 does not look so good. A recent down trend line should now be overcome. The force lacks obvious. The TRIX example, might also be at levels unseen in recent years. Also, the MACD should turn soon. In general terms: Almost all indicators show for the next days or weeks down.

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