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| Home -> Archives -> Marty Chenard -> Stock Trends, Charts, and Commentary |
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March 23, 2007 Stock Trends, Charts, and Commentary |
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The Fed pumped in a ton of liquidity that is supporting the market's up movement. Sometime next week, the S&P 500 (and the other indexes) will meet resistance when they close their gaps as seen on the chart below. The VIX (Volatility Index) is below the S&P's price chart. It actually closed it gap yesterday, so this is important. If the VIX moves below yesterday's low, then that would be favorable for the S&P to move up above its gap and move higher. If the VIX can't move below yesterday's low, then the S&P will be subject to failing after doing a 100% retracement to February 26th.'s close on the S&P.
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Marty Chenard StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis. Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership. Copyright © 2006-2008 Marty Chenard Image rendition and html coding Copyright © 2000-2008 SafeHaven.com « BullionVault.com -- Buy gold online - quickly, safely and at low prices » « Opinions expressed at SafeHaven are those of the individual authors and do not necessarily represent the opinion of SafeHaven or its management. Articles are available via RSS/XML. Please visit RSSHelp for instructions. » |
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