Tuesday, September 30, 2008

Today's Markets



On the daily chart, notice the following:

-- All the SMAs are moving lower

-- The shorter SMAs are below the longer SMAs

-- Prices are below all the SMAs

-- Today's price action stopped the bleeding, but didn't do much beyond that.

2 comments:

Dave said...

Bonddad,

I do not know if the Progressive Caucus' Rescue Package is actually available yet, but would be curious of your interpretation once it is released. OR-04 Rep DeFazio and others were to have a press conference on it today at 3:00pm and release it at that time.

Thanks

Dave said...

Here is a link to the C-Span video of the press conference/ release of the Progressive Caucus' Rescue Package

http://www.c-spanarchives.org/