February 2009 - Richard Carlin's Blog

  • Multi Week Rally Only Lasted Two Days

    Well, when everything points to good rally and nothing happens it is time to look out. As I pointed out in chat yesterday the QQQQ and the SPY broke their two day up trendlines to the downside aborting the uptrend. We can get a very nasty down swing here...
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  • Multi Week Low at Hand

    Technically, the market appears to be at a multi week low based upon divergences, short term oversold indicators, and by chart patterns. In the last two days the Dow Jones Industrial average has fallen to new bear markets lows, however it is not being...
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