A Deep Post-Decline Analysis Part 1
After the first down week in ages, nothing refreshes like a look at the charts.
When they are all going up pretty much in unison, the charts do not have a lot of added value. But when we have a decline, particularly a midweek decline including an intraday calamity, they have terrific value. We can see what's gotten vulnerable, what's pulled back and ready to go, what's overextended and what's just plain old broken down....861 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.