Those that follow MACD buy signals should begin watching. Historically divergences occur this time of year and some stocks are a buy for the next historically strong 6 months of the market.
However, we'll be discussing this week what October could bring, either a run up to 10,700, or a run down to under 9000. That much is at stake.
Friday unemployment went from 9.7 to 9.8% and the investing public used this, and the ISM report, to continue sell off. The market moves Friday hit highs of 9565 and lows of 9390. Note 9376 in the past was a strong support and resistance line, and the strength of the turnaround from the morning bottom Friday has some chartists believing that this bottom will hold.
Of course, we could debate this forever.
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