Tuesday, September 15, 2009

Stock Market Commentary: Rinse and Repeat

A day much like yesterday where the market started weak but then picked up all the way through to the close. It's like July all over again...

The Nasdaq supported decent enough accumulation with channel resistance keeping things cool, but steadily rising in the process.


For the Dow there was a MACD trigger 'buy'. Volume also climbed to register an accumulation day.


It's great rally to be a part of - a pain trying to pick an entry point (unless you were lucky to get in at the September bottom). So expect this to rise some more just to stick the knife deeper into bears hearts.


Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.

 
f9229fcfd1b1390be00cfccc86c90349c93a4179bf4227457c