A number of intertesting developments on this chart in recent days. Here’s what we wrote today: Instead of gapping higher the NASDAQ failed at the previous days high and Marabuzo resistance. Selling down to 2775.25 was seen before a … Continue reading
Fibonacci retracements have worked like a dream of late in the Dow, and they’re currently causing our recent bullishness a bit of trouble. Let’s first of all reproduce the commentary we’ve put out today for the Dow: “On March 11th … Continue reading
Someone should buy Ben Bernanke and Hank Paulson a pair of super-hero suits, because they’ve come to the rescue again! Back in March (the last time were down at these levels) they stepped in to rescue the markets when they … Continue reading