Market observations

    Posted by matt on 20th of Oct 2008 at 12:40 pm

    chop morning so far within the triangles.  Advancing/Declining issues is 3:1 on NYSE, and it's 2:1 on Nasdaq so that's positive. 

     

    For the SPX, it needs to get over 970 - 975 to break out of the triangle to the upside for the bulls. 

     

    For the bears the SPX needs to lose 940.

    Its about to break the

    Posted by yawang36 on 20th of Oct 2008 at 01:26 pm

    Its about to break the upside as OIL remains strong

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