Daily US Market Comments 11 Aug 2006 by MastersoEquity.com
FUNDAMENTALS
Well, what can we say about fundamentals in this market condition? The market fell on all the good news so far and rose on the bad news... sigh... let's look at the technicals of it all...
TECHNICALS
Yes, this is indeed a technical driven market so far with the Dow and NASDAQ still waging battle at their respective resistance levels. Markets accumulated slightly after 4 down days but did nothing to change the downside inclination of the market unless we see a decisive break to upside from their respective price channels.
Well, what can we say about fundamentals in this market condition? The market fell on all the good news so far and rose on the bad news... sigh... let's look at the technicals of it all...
TECHNICALS
Yes, this is indeed a technical driven market so far with the Dow and NASDAQ still waging battle at their respective resistance levels. Markets accumulated slightly after 4 down days but did nothing to change the downside inclination of the market unless we see a decisive break to upside from their respective price channels.
posted by Jason Ng at 8:29 PM
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