Thursday, February 12, 2009

Stock Market Commentary: Late charge saves Market's blushes

The Nasdaq is set up for a big Friday. Buyers were able to register an accumulation day but were unable to break declining resistance from July-September. Technicals are mixed but the strong accumulation trend in on-balance-volume suggests bulls may be able to break through.


Again, action in the semiconductor index favours further strength in Tech markets


Time will tell

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
 
f9229fcfd1b1390be00cfccc86c90349c93a4179bf4227457c