Market Review – Week Ending 07/10/09
By James | July 11, 2009
no prescription cialis class=”size-full buy amoxicillin no prescription wp-image-1460″ title=”sc” src=”http://jamesfowlkes.com/wp-content/uploads/2009/07/sc1.png” alt=”S&P500 Daily Chart showing possible ABC down, complex correction” width=”460″ height=”284″ />S&P500 Daily Chart showing possible ABC down, complex correction
The market was down this week. The S&P 500 closed down -1.93% for the week.
We are at a crossroads here on the daily charts. Let’s dive what is cytotec right in.
On the S&P 500 chart above notice the blue kamagra soft lines I added showing a possible ABC down, also known as a complex correction.
The uptrend on the daily chart will remain intact if the market can turn up from here and make new highs.
If the market turns up from here then fails to make a new high, the buy clomid pct trend will officially be down.
Further support for the bull case is the Nasdaq 100 which looks very strong, holding well above its 200-day moving average.
See amoxicillin online purple line on chart below:
There is still the possibility of a Summer rally. However, a sideways consolidation to setup a Fall rally is more likely.
Still no telling where we actually are in this buy cialis internet Buy Levitra Professional target=”_self”>market. Next week’s action is important.
It’s all about trend recognition.
Be careful out there.
Topics: Charts, simple market timing | 2 Comments »
2 Responses to “Market Review – Week Ending 07/10/09”
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July 19th, 2009 at 8:30 am
[...] week in my weekly stock market review I mentioned that I was looking for a push up out of an ABC down formation(also known as a complex [...]
July 26th, 2009 at 8:35 am
[...] weeks ago in my weekly stock market review I mentioned that I was looking for a push up out of an ABC down formation(also known as a complex [...]