The DJIA
The S&P500
The Nasdaq Composite
Tuesday, October 14, 2008
what's next?
The indexes have retraced approximately to their 38.2% from their lows on Friday to today's high's (or, in line with their 50-EMA on the 15-minute charts). Do we push any higher tomorrow? Do we test the 50% retracement? Do we dive lower? Is a double bottom in the cards?
The DJIAThe S&P500
The Nasdaq Composite
The DJIA
The S&P500The Nasdaq Composite
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2 comments:
PPI, Retail Sales, WFC earnings, JPM earnings ahead of the bell tomorrow (among others) and despite inline/slight beat by INTC after hours, we're about 1% lower on the futures. Things probably look to be news driven the next few weeks.
Incredibly we have OpEx on Fri, which in theory should *increase* volatility ? lol :)
nice Trade on the QLD Monday. The moving averages it came back to retest closely followed the days VWAP.
I hear ya....and we can sure use some added volatility at the end of the week ;)
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