Market Observations 08/15/08
Resistance: DJIA 11800 (900DMA); SP500 1305 (1050DMA); NAZ 2465 (500DMA); NDX 1980
Support: DJIA 11525 (1100DMA); SP500 1280 (1200DMA); NAZ 2310 (700DMA); NDX 1920 (400DMA)
SP500 1293, rise to resistance 1302, plunge to 1290, close 1298. NDX 1967, rise to 1973, drop to 1950, close 1957.
Huge dollar rally chilling out commodities, gold broke $800 to downside, crude at $115. Critical action coming through next WEN.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Support: DJIA 11525 (1100DMA); SP500 1280 (1200DMA); NAZ 2310 (700DMA); NDX 1920 (400DMA)
SP500 1293, rise to resistance 1302, plunge to 1290, close 1298. NDX 1967, rise to 1973, drop to 1950, close 1957.
Huge dollar rally chilling out commodities, gold broke $800 to downside, crude at $115. Critical action coming through next WEN.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Comments