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Saturday, February 28, 2009

Bearish Monthly S&P - by Rodryk S

I would like to share a part of my week-end "market bottom homework" with you, Spikers and SpikeTrade Members via the blog.

Please find attached a monthly chart of the S&P500, including embedded comments. - As I am abroad in Denmark and did not want to update "tons of data" with TC2007 (->roaming costs), I used this time Incrediblecharts.com, which downloads the data on a stock by stock basis.
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2 comments:

  1. GrantMarch 1, 2009 at 6:15 AM

    Rodryk
    Thanks. Seems like the market has more more to do on the downside. Appreciate your analysis.
    Grant

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  2. SidMarch 1, 2009 at 6:20 PM

    Thanks Rodryk,
    Seems like I concur with you, we either correct extreme bearishness time wise or price wise, if time wise we will be range bound for months if price wise we have a lot more downside left.

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