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Wednesday, February 18, 2009

Looking at the bigger picture

I don't have any real comments about this, except to say it is good to take a step back and look at where we are relative to where we have been over the past seven years:



I always say that I don't predict the overall market and I don't care if it moves up or down...as long as it moves. But obviously for the general health of the market, I would like to see us bounce off this level rather than fall through it.

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2 comments:

MarketStudent said...

I couldn't agree more. If it were to break the old lows where would it find support? I'm looking at the charts and i see nothing. By the way I'm a college student that has been studying Technical & Dow theory for about a year and a half now. Love your site!

JF David said...

support: 1987 high !

Market looks like a bankrupt stock pattern!