The SP500 Index (SPX) corrected after six days without a move below the low of the previous day. A move back toward the 20 day moving average is expected. Volume was lower today than yesterday and all days last week. CSCO warned after the bell putting pressure on the indices.
Expected Correction on Lower Volume
November 5th, 2008 6 Comments
Tags: A-B-C Correction · CSCO · Nasdaq Charts · Price Retrace · Standard and Poor's 500 (SP500) · Volume
Nasdaq 100 Swing Chart Ready for Correction
November 5th, 2008 3 Comments
The Nasdaq 100 (NDX) has had seven days without a new low. It is rare for a move to go beyond 7 days without a correction of a day or two.
Tags: Nasdaq Charts · Swing Charts