Tuesday, January 11, 2005

Bearish?. . .

Emailing: SharpChartv05

chart courtesy of stockcharts.com

Lots of bearish sentiment out there, including RandomRoger and ugly at uglychart.

The Naz is bending that support I pointed out. I think of support and resistance as bands with some "give" rather than hard thin lines, so I could see things bouncing from here. If it doesn't bounce, its down to 2050, 2000, or even lower.


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