200-day MAs fast approaching.
Posted on Thursday, April 24th, 2008 | In Current Market News
Contributed by: Declan Fallon (http://www.zignalsblog.blogspot.com) -
Bulls will have to be pleased with the last few days of action. Volume has definitely sided with them and breakout gaps for the Nasdaq and Nasdaq 100 look to be holding.
The next likely stumbling block for the averages looks to be the 200-day MAs. Any weakness should relieve overbought conditions, but not enough to close those key breakout gaps.
Last 5 posts by Declan Fallon
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 About Declan Fallon (http://www.zignalsblog.blogspot.com)
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website. It's our job at Zignals to give market participants all the information they need to make informed decisions; both fundamental and technical. |
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