StockFetcher Forums · General Discussion · Market Direction?<< >>Post Follow-up
cello13
88 posts
msg #45754
Ignore cello13
7/13/2006 10:49:30 AM

Any ideas about where the market will go?

I still think, Riggs could be right with his prediction that we'll see a double bottom round 2070 in Nasdaq Comp.

Other opinions?


traderblues
195 posts
msg #45758
Ignore traderblues
7/13/2006 11:46:56 AM

I think we'll see a double bottom for the NASDAQ at around 1200.


maxreturn
745 posts
msg #45772
Ignore maxreturn
7/13/2006 12:55:37 PM

The current setup in the SPX is similar to that of the spring and fall bottoms in 2005. Playing dipsy do with the 50 and 200 day ema's. If the market rallies above these ema's in the next several days I'll change over to the bullish camp. But I'll switch to bearish camp and look to sell rallies if further market declines roll over an already flat 200 day ema.


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