Thursday, March 29, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Wednesday, 3/28 for Thursday's market.
Drop & Hold...
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Courtesy of Nirvana Systems
Updated Wednesday, 3/28 for Thursday's market.
| Key DOW Levels for 3/28 | |
| UP | Above 12,525 |
| DN | Below 12,250 |
Drop & Hold...
- Dow sells off early, holds near lows in repeat of yesterday's action. The index basically resembled that of yesterday's session, with each day beginning with a decline and ending with a consolidation. Watch today's consolidaton for tomorrow's activity.
- The NASDAQ and S&P each took a big decline at the Open, followed by sideways-to-down movement the rest of the day. Look for more bearish movement beneath the key fulcrum levels.
Summary
The Dow closed the day near the lows of the session after trading basically sideways after the morning decline. The index is now holding beneath the 12,350 fulcrum, which indicates we could be headed lower tomorrow. Watch this zone for key direction tomorrow.
- The NASDAQ and S&P each took a big decline at the Open, followed by sideways-to-down movement the rest of the day. Look for more bearish movement beneath the key fulcrum levels.
Summary
The Dow closed the day near the lows of the session after trading basically sideways after the morning decline. The index is now holding beneath the 12,350 fulcrum, which indicates we could be headed lower tomorrow. Watch this zone for key direction tomorrow.
Read More...
