Wednesday, March 28, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Tuesday, 3/27 for Wednesday's market.
Holding...
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Courtesy of Nirvana Systems
Updated Tuesday, 3/27 for Wednesday's market.
| Key DOW Levels for 3/28 | |
| UP | Above 12,525 |
| DN | Below 12,350 |
Holding...
- Dow sells off early, holds near lows throughout session. The index closed just off the day's lows with a 72 point loss, but continues to build out above key resistance.
- The NASDAQ and S&P each sold off today, but continue to build out within larger consolidation ranges. Continue to watch these patterns, as a breakout could spark big directional movement.
Summary
The Dow ended the day within a tight consolidation that has formed at the day's lows from 12,380 to 12,420. Watch this zone for early direction tomorrow morning. However, a breakout from the larger consolidation will likely dictate medium term direction.
- The NASDAQ and S&P each sold off today, but continue to build out within larger consolidation ranges. Continue to watch these patterns, as a breakout could spark big directional movement.
Summary
The Dow ended the day within a tight consolidation that has formed at the day's lows from 12,380 to 12,420. Watch this zone for early direction tomorrow morning. However, a breakout from the larger consolidation will likely dictate medium term direction.
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