| TF
MEMBER LOGIN |
|
|
|
Tiny's Technical Outlook | Our Thoughts | Free Online Classes
|
NOTE: These thoughts are
delayed and should serve as a demo only.
This is intended to give you a
sneak peek at what the Our Thoughts section is like.
You can get these
thoughts for less than 50 cents a day on average. Sign
Up Here
11/19/2008 8:02:35 AM
Our Thoughts for Wednesday, November 19th
The markets consolidated yet again yesterday as a late day rally offset earlier weakness. In fact we broke well below the key 850 support level and were well on our way to another severe move before the bulls rescued us leaving the possibility open for a delayed reversal move to the upside. Ok, so hope is restored, but remember hope is a bad word for traders. Nevertheless, I am looking for strength to lift us today and maybe for the rest of the week now as long as there is no bad news to derail us. Let’s look for an early breakout of the markets first hour’s range to get us the lift we so badly need. We need volume to come in and any gains to stick in the afternoon which has been a problem but if Tuesday can bring us that than we could be set up for another run to 1000 on the S&P 500. Remember if we fail and close weak below the 850 number than its probably back to the downside for us. Good trading and we will talk to you soon.
|
|
|
|
SPECIAL OFFERS |
 |
|
|
Commentary