 |
| US Stock Market Forecast Update of 7-27-11 NASDAQ Composite |
I had published an analysis of the markets, using the NASDAQ Composite, as it was one, which suffered the most losses, and guess, which one had the biggest rally of the day. Laws of Universe!
NASDAQ went to my first support level for reversal (2.7 points higher than my predicted level 2,755 for reversal ) and then market reversed. I expect the markets to do retest of the low of yesterday's and then go higher.
1 comment:
Leaving positions open without a debt agreement could be dangerous right?
Right or Wrong; Cycles or not if there is a default, or half baked agreement, we could have a break down move after a 2 and half year run to the upside. If longs are taken a tight stop must be used and keeping them overnight, over the weekend or Monday night would be dangerous right? You could wake up one morning to a futures market down like Japan after the tsunami or Lehman. The antics in DC make me very sad indeed. Maybe they figure it out but the risk needs to be considered in my opinion. Thanks for the great site.
Post a Comment