InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.44
(
0.49%
)
Bitcoin
62,408.27
(
-1.19%
)
Post# of 51804
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: None

Monday, 07/05/2004 6:23:05 PM

Monday, July 05, 2004 6:23:05 PM

Post# of 51804
Initial Jobless Claims Increased

The Initial Jobless Claims numbers are getting very close to breaking the upper trendline resistance. The elliott wave pattern still has not confirmed the trend reversal to more downsizings, but there is an up-down-up consolidation sequence followed by a strong increase this past week. The pullbacks have not come close to testing the lows earlier this spring. Another couple weeks should be decisive.


http://www.bullandbearwise.com/InitialJoblessChart.asp
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up