Again, let's continue to watch the DOW as it continues to find some kind of support around the 7900 level. My only concern is that it did break through the 01-20-09 and 01-22-09 supports down to 7909; however, it did come back with decent volume.
This is more common sense than anything else. All three major indexes (DOW, S&P and NASDAQ) appear to be getting ready for a run to between 8500 and 9000. Let's get ready for it!
I am personally watching ISRG as it is currently exhibiting a chart similar to the major indexes with a very nice / strong support at 85.00USD - last Friday, it touched 87.14USD and rebounded nicely and closed green from a technical perspective as it opened at 87.99USD and closed at 93.29USD.
Day's Range 01-23-09: 7909.03 - 8152.59
52wk Range: 7,392.27 - 13,191.50
Enjoy trading and have lots of fun!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment