InvestorsHub Logo
Followers 16
Posts 2426
Boards Moderated 0
Alias Born 08/15/2006

Re: mr_bitterness post# 1646

Monday, 08/11/2008 9:52:40 AM

Monday, August 11, 2008 9:52:40 AM

Post# of 3930
Daily uptrend support line is broken. So far a slower downtrend than last time - but it's still early. 1st support right around $3.08. Then it gets pretty thin going into the $2's - and it ain't oversold yet. Looks like lots of selling this morning too. Unless $3.16+ prints and sticks, I'd say start looking out below.

Weekly uptrend support is still intact. A break of daily support could put an end to that if sellers get carried away and drag it into the $2s.

An upward break of $11,750 and $2,420 today could be significant for the Dow and NASDAQ.


If you're not living on the edge, your taking up too much space.

If you're not living on the edge, your taking up too much space.