Stabilizing
- alphatrends
- December 12th, 2008
The market is trying to stabilize after the weakness from yesterday afternoon and this morning. So far, the VWAP has held as support which means buyers are taking advantage of the lower prices. It is also good to see the 29.00 level hold as support (for now). There will need to be more healing before buyers can have real confidence.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Brian Shannon is a full time trader (with 20 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »
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