Intraday Market Thoughts

Archived IMT (2009.11.13)

by Ashraf Laidi
Nov 13, 2009 18:08

ASHRAFs VIDEO MARKET ANALYSIS Stocks shrug the decline in consumer sentiment, rallying 1% on the day, but Dow has yet to regain that 50% retracement of 10,345 and S&P500 requires a breach of 1,120. And dont forget that the Dow Transportation index needs to confirm DJIA by hitting a new high on the year (accordng to Dow Theory), which is not yet the case.


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