Tuesday, April 29, 2008 9:57:04 PM
Markets traded to weekly resistances: Qs 48 +/-R, DOW 12891.86 with 13000 R, Nasdaq 2422.93 with daily DTL at 2450 +/-. Since Jan and Mar 2008 climactic market actions, I noted that markets will likely be heading upside going into EOY. Now markets are trading at IT pivotal resistances as shown on the weekly charts.
Breaking above the resistances is positive adding more confidence to upside market actions heading to EOY. Earning reports are generally positive than we expected even though we have heavily sold stocks as some financial stocks.
I commented on "Tran" breaking out when it has broken out.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=27770540
Now, it is retracing to Jul 2007 high trading above Oct 2007. This is a positive technical signal as Tran is leading per Dow Theory which also noted on 4/4.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28209065
Breaking above the resistances is positive adding more confidence to upside market actions heading to EOY. Earning reports are generally positive than we expected even though we have heavily sold stocks as some financial stocks.
I commented on "Tran" breaking out when it has broken out.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=27770540
Now, it is retracing to Jul 2007 high trading above Oct 2007. This is a positive technical signal as Tran is leading per Dow Theory which also noted on 4/4.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28209065
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