DOW AND S&P 500 BOUNCE OFF MAY LOW -- A SHORT-TERM TOP,
HOWEVER, COULD LEAD TO A 38%-50% CORRECTION OF THE SPRING RALLY --
200-DAY AVERAGES PROVIDE SUPPORT BUT ARE STILL DROPPING
This was Murphy's headline today
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DOW AND S&P 500 BOUNCE
Opposing views.
Posted by brophy on 29th of Jun 2009 at 09:14 am
DOW AND S&P 500 BOUNCE OFF MAY LOW -- A SHORT-TERM TOP, HOWEVER, COULD LEAD TO A 38%-50% CORRECTION OF THE SPRING RALLY -- 200-DAY AVERAGES PROVIDE SUPPORT BUT ARE STILL DROPPING
This was Murphy's headline today