"No man can become rich without himself enriching others"
Andrew Carnegie



Tuesday, August 16, 2011

The Market Continues To Speak

Hello my Investors, Traders and Reader friends. The market continued to rise and quickly. Yesterday, the DJ-30 went up 1.90%, the SP-500 en 2.18% and Nasdaq Comp. increased 1.88%. This progress towards the next resistance levels is occurring with low volume of shares compared to previous weeks. This is consistent with the behavior of a falling market bouncing periodically.
From my point of view, the market is moving in the direction envisaged and the expected rate and the estimate volume. So far gives us no special surprise... which is suspect. Of no change occurs, the market will continue to rise until it reaches levels of resistance (which were mentioned in my post fro yesterday)... and then we'll see if the way regain or the reserved, the market surprises us with something else.

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