Thursday, April 9, 2009

Stocks the Nervous Norvis Market (Chart and View)

When the market moves down for a couple of days your typical Nervous Norvis bull gets sweaty palms and heart palpitations. A couple of days down and the bears are pounding their chest. The only thing the bears can think about is bad news. Left to wonder of course, why is the market going up with all this bad news--the world is coming to an end.
Stocks the Nervous Norvis Market
The Stock market is in a classic uptrend from the capitulation low.
  • During the capitulation phase the slope of the market became too severe to maintain and the market hooked off the lows as should have been expected. See: S and P Monthly Chart indicates a sharp rally is coming soon. S and P 500 in the 676 area. See: S and P 500 Rally Comes as Predicted
  •  blog it

    No comments:

    Post a Comment