BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Today's technical outlook: Still looking for a signal]]>http://www.bloggingstocks.com/2009/03/10/todays-technical-outlook-still-looking-for-a-signal/http://www.bloggingstocks.com/2009/03/10/todays-technical-outlook-still-looking-for-a-signal/http://www.bloggingstocks.com/2009/03/10/todays-technical-outlook-still-looking-for-a-signal/#commentsFiled under: ,

Technicians continue to bemoan that, despite the oversold internal indicators and sentiment numbers that show record levels of fear, the market continues to sell off. Normally at such oversold levels of the key indicators we should expect a rally -- but not lately.

A rally may be overdue but, so far, all we seem to get is one or two days up and then down again. The mood is best described by a Standard & Poor's market strategist who on Friday said, "We think the market is in desperate need of a washout to at least turn the tide for awhile back to the upside. We have been looking for a counter-trend rally, but all we are seeing are one-day wonders."

So where is the bottom -- or bottoms?

Continue reading Today's technical outlook: Still looking for a signal

Today's technical outlook: Still looking for a signal originally appeared on BloggingStocks on Tue, 10 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bear marketBearMarketchangewave researchChangewaveResearchfibonaccifibonacci numbersFibonacciNumberss and p 500sam collinsSamCollinsSAndP500Tue, 10 Mar 2009 09:30:00 EST