iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Walk the Throwback Line

chessNwine Wed Jul 27, 2011 12:15pm EST 1 Comment

[youtube:http://www.youtube.com/watch?v=k7K4jH7NqUw 550 412]

________________________

Good eye by 12631 member @gapandyap pointing out the second major test (as support) of the Russell 2000 Index trendline. Whether this throwback can hold will be instrumental in determining where we go from here. What you are looking to see if you are a bull is a clear sign of stabilization this afternoon. To state the obvious, bears want to see us lose the trendline and bring in a fresh wave of sellers as a result of that.

________________________

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. kedzilla
    kedzilla
    July 27, 2011 at 12:53 pm

    Apparently Obama wants us to lose the trend line.

    da-dum tssssshhhh

    Thanks Chess!

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy