Wednesday, June 17, 2009

US markets may correct further

DJIA joined the rank of stock markets that have violated their 20-day SMA.


Chart: DJIA's daily chart as at 16/6/2009 (Source: Stockcharts.com)

PS- This post was earlier entitled "Calling Plunge Protection Team...". On second thought, I think it is inappropriate. The mission of this team is suppose to be the prevention of a catastrophe, similar to the Black Monday, from hitting the US capital markets. For the unconventional take on the role of this team, check out John Mauldin's article of the same title.
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2 comments:

  1. swifzWednesday, June 17, 2009 10:35:00 PM

    Hi, check out my warrant calculator at http://swifz.angelfire.com/

    ReplyDelete
  2. Alex LuTuesday, June 23, 2009 9:02:00 AM

    Swifz,

    Interesting calculator... Good job!

    ReplyDelete