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Worden Discussion Forum » General Discussions » Stock and Market Talk » another leg down in the works?

another leg down in the works? Rate this Topic:
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wse
Posted : Sunday, August 16, 2009 9:08:33 PM
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Joined: 12/18/2008
Posts: 150
 was just looking at a monthly chart on SPY for fun and looks like the market is in a state of confusion, i think if it can end august below 98.15, we're ready for another leg down but as of right now the monthly charts look bullish
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tobydad
Posted : Sunday, August 16, 2009 9:13:14 PM

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Joined: 10/7/2004
Posts: 2,181
 wse; thanks for the assessment. Some European nations are saying that they are pulling out of it. May give us one more spark before the dive. 

This has been a tough one to call.
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wse
Posted : Monday, August 17, 2009 1:07:33 PM
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Joined: 12/18/2008
Posts: 150
 if you look at the yearly charts, it looks like the market wants to crash completely... but we'll see
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