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RzcashmanUser
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Technical analysis of the stock market from my understanding of William O'Neil and Stan Weinstein's teachings.
In view of the recent market action, I wanted to share the letter I received from Investor's Business Daily which I felt was a strong message to stay in 100% CASH during tough times as these are. Dear Investor, The market outlook is in a correction, and you're probably hearing a lot of bad news with the 500?point drop in the Dow on September 15 ? especially in regard to the... read more
Posted on $published
The DOW ($INDU) is crossing support from early July of around 11,450, and is still below the 50 and 200-day moving averages. This is a bearish sign. NASDAQ ($COMPQ) is between moving averages. It had a faulty head and shoulders top in May-June followed by a steep decline from June-July. My guess is that this is setting up for a nice short position, but NOT YET. It has... read more
Posted on $published
Click the link below to see the full article. Permission to republish has been granted by Investor's Business Daily. Stocks Retreat In Late Trade from Investor's Business Daily
Posted on $published
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