Strategesis

From Safehaven.com:

Last Friday, the SPX pulled back one more time to the level of its former low of 1195 and, by rallying and closing 10 points above, has essentially made a double-bottom.

It is possible that the index has seen the low of its correction, but in order to confirm this, it will have to start rallying past all the down-trend lines that are in its way.

Continued

This entry was posted on 2011-03-13 at 14:39 and is filed under education, technical analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.