Archive for August 11th, 2010

The Stock Market Breaks Down, Right on Schedule

| August 11, 2010

For several weeks, a bearish rising wedge has been warning us not to trust the low volume rally in stocks from early July. This type of technical formation usually ends with a violent correction, and today that breakdown occurred, spurred by a predictably weak assessment of the faltering economic recovery from the Federal Reserve yesterday. […]

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Short-term Forecast for August 11, 2010

| August 11, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed sharply lower today, breaking well below support at the lower boundary of […]

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