InvestorsHub Logo

dmlabuda

01/27/12 9:53 AM

#4180 RE: SocialTrader #4172

FTWR & SATC ... The FTWR weekly chart shows a possible market bottom but, after the price Gaped significantly lower out of a symmetrical triangle on the hourly chart yesterday. I would wait and see where the market finds support before taking a position. Usually large gaps down are very bearish.

SATC is currently a strong BEAR market that has been well contained by the 20-day moving average and does not show any signs of reversing at this time.