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S&P 500
5,460.50
(
-0.23%
)
US TECH 100
19,218.00
(
-0.21%
)
Dow Jones
39,131.53
(
-0.01%
)
Brent Oil
84.40
(
-0.72%
)
Bitcoin
63,637.50
(
-1.83%
)
Post# of 76351
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DiscoverGold

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DiscoverGold

Re: DiscoverGold post# 33883

Thursday, 01/08/2009 9:14:17 PM

Thursday, January 08, 2009 9:14:17 PM

Post# of 76351
1/8 Commentary: Update by thechartpatterntrader.com Maurice N. Walker
Excellent detailed charts and extensive commentary update.

We are at a crucial level of support here. Here we have the S&P 500 backtesting the broken trendline from the two failed rallies in Oct. and Nov. We are also testing the rising minor trendline and prices are resting on both the 20- and 50 day SMAs, while a bullish candle pattern is in play (see 2nd chart below). That is a lot of support.

For detailed charts and extensive commentary:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808

George.

Click on "In reply to", to see any past commentary.
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