Tuesday, March 3, 2009
March 3rd - Update
The QQQQ is at the 26.90 resistance level , breaking this level and we can see much higher levels, maybe 27.6 , but when the 200MA is still declaining the trend is still lower. I am still long QLD 3000 shares.
What is encouraging is the higher low.
What is encouraging is the higher low.
March 3rd - Stock Market Review
Current Portfolio - 100,972$
Open Position -
Yesterday was probably the beginning of the capitulation stage, the problem is that the volume wasn't so high . A bottom is made with a big selling panic and a high volume.
In the Dow jones a possible bottom can be the 6600-6500 level at the low trend line.
The Oil was 10% down, and is now at the support level 24 .
For now there isn't any sign of a change in the market.
Open Position -
Yesterday was probably the beginning of the capitulation stage, the problem is that the volume wasn't so high . A bottom is made with a big selling panic and a high volume.
In the Dow jones a possible bottom can be the 6600-6500 level at the low trend line.
The Oil was 10% down, and is now at the support level 24 .
For now there isn't any sign of a change in the market.
Subscribe to:
Posts (Atom)
Posts
