Archive for September 10th, 2010

Potential Bottoming Pattern in Stocks Lacks Important Component

| September 10, 2010

Many technical analysts have been discussing the bullish implications of an inverse head and shoulders pattern on the daily chart of the S&P 500 index, suggesting that the developing formation signals an imminent move up to the April high near 1,220. The pattern in question is displayed on the chart below. The left shoulder is […]

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Short-term Forecast for September 10, 2010

| September 10, 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 moderately higher again today, moving up to a new high for the […]

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