Second Distribution Day in a Row - Stock Cycle Analysis using Gann, Elliott Wave, Square of 9/Nine, Angles and Geometry

Price Time Volume Investing WD Gann Elliott Wave Charts of SP500 Angles

Second Distribution Day in a Row

September 3rd, 2008 at 7:14 pm by AndyAskey

Same as yesterday. A move up was sold on high volume. Price has not yet closed below the 50 day moving average yet.

The Nasdaq Composite was down on higher volume than the previous distribution day.

Charts courtesy of Stockcharts.com

There is nothing positive about these charts.

Tags: Distribution Day · Nasdaq Charts · Standard and Poor's 500 (S&P500) · VolumeNo Comments

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