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Today's technical outlook: Bear, it's what's for dinner |
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| Mar 27, 2009 02:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: ETF Investing, Technical Analysis, Stocks to Buy
Yesterday, we discussed the analysis done by Mark Arbeter of Standard & Poor's. Mark concluded that the market is due for a pause and then a "decent advance" before we see another correction. He ended his report with, "We would use any strength in the stock market to lighten up and then wait for the next bottom to develop before adding to positions." His analysis is impressive, but this market doesn't read the newspapers. And bullish behavior like that of the past 11 days begets more bullish behavior. Continue reading Today's technical outlook: Bear, it's what's for dinner Today's technical outlook: Bear, it's what's for dinner originally appeared on BloggingStocks on Fri, 27 Mar 2009 09:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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The S&P 500 is up almost 25% from its March 6 low, and is knocking on the door of the widest and deepest resistance zone in the bear market at S&P 820 to 920. Be the first to comment on this story and earn 2 points.
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