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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,135.88
(
-2.00%
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techcharter

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techcharter

Re: None

Wednesday, 09/03/2008 9:56:38 PM

Wednesday, September 03, 2008 9:56:38 PM

Post# of 51808
ABX Heads Lower

The ABX-HE-AAA 06-1 headed lower, enough to break the lower trendline of the rally of the last 2 weeks. This index shows a clear zigzag where wave c truncated. At a broader level of magnification the zigzag just broke above the upper trend line of the May-June selloff on the second try. It remains to be seen how long it will remain above that trendline.

As this index goes, so go the markets.


http://www.markit.com/information/products/category/indices/abx.html
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