What’s Causing These Intra-Day Market Swings
Source: http://briskycapital.blogspot.com/2008/11/whats-causing-these-intra-day-market.htmlPosted on Thursday, November 20th, 2008 | In Energy Markets, Market Commentary
Contributed by: Michael E. Brisky (http://briskycapital.blogspot.com) -
I talked about whats moving the market in yesterday’s post. I just wanted to pass along an opinion piece in the Journal today that basically says the same thing with a bit more detail. Its by Andy Kessler, and you a href=”http://online.wsj.com/article/SB122714126820842751.html”can find it here/a. br /br /From a technical standpoint, we appeared to break through the resistance levels near 8000 on the Dow with this morning’s sell off. But we’ve since moved higher, and I wouldn’t be surprised to again see more of the same action. Re-test market lows, and then bounce. Its been fairly predictable if you’re looking for short-term patterns to trade off of.
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 About Michael E. Brisky (http://briskycapital.blogspot.com)
Welcome to "In the Know." Here I discuss macro trends in the market, and how I think investors can profit from them. I particularly follow energy stocks and other beneficiaries of secular growth. My investing style would best be described as a hybrid. A hybrid of value and growth; of fundamental and technical analysis. I think you have to be flexible to be a successful investor, but also disciplined. |
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