The $BANK gapped up in early morning trading to open at (1514.80) and declined to a low of (1510.64)...before ascending to a high of ( 1564.42) (which is the closing price). The markets reaction to favorable news from the financial sector spurred traders to buy the nearest ask price in many commonly known stocks propelling the $BANK beyond the 8 sma (1521.99) and the 20 sma (1539.89)...nearly reaching the 50 sma (1588.66) ....which is next if the up swing continues tomorrow. The closing candle is nearly a marubozu...except for the lower wick. The fib retracement 38.2% (1506.47) area was nearly pierced during the early morning down swing and the 50.0% (1604.81) is next if the up swing continues tomorrow.....with a possiblity that the 50 sma (1588.66) will act as temporary resistance on the way up.
http://stockcharts.com/h-sc/ui?s=$BANK&p=D&yr=0&mn=6&dy=0&id=p43569477360&a=143335942&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=1 From: [email protected] To: [email protected] Subject: {GS} Re: day trader Date: Fri, 10 Jul 2009 21:08:59 -0500 We are currently trading near the lower trend line of the $NDX as the open @ 1409.55 and the high of the day is 1427.90 and the low of the day is 1405.58...(narrow trading range ) however many feel the tech sector is holding the rest of the market up...bascially not allowing the markets to fall..but for how long? Earnings will be released next week that may move the markets. http://www.freetradingvideos.com/vlog/default.asp?category=1 http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p14532658418&a=139546771&listNum=1 Date: Fri, 10 Jul 2009 10:18:28 +0530 Subject: {GS} day trader From: [email protected] To: [email protected] -- "Unless you try to do something beyond what you have already mastered, you will never grow". </html _________________________________________________________________ Insert movie times and more without leaving Hotmail®. http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd_062009 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
