Market Technicals Cause for Worry

By on July 24, 2010

Michael Sincere and Pascal Villain have written an article for Marketwatch highlighting several technical indicators. After a strong 2-day bounce (300 Dow points), their indicators suggest a high probability of price weakness over the next couple of months. Sincere and Villain take a close look at moving averages, Ichimoku Clouds, floor levels pivot points, and volume.

Source: Marketwatch

One Comment

  1. stocksystm

    July 24, 2010 at 3:34 pm

    One of the comments following the Marketwatch post pointed out that yesterday's bounce took out the resistance levels pointed out by the technicians. So much for technical analysis.

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