Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Wednesday, April 2, 2008
Much ado bout nothing
So the market got a little ahead of itself and decided to short squeeze on April Fool's day. There could still be some upside move as evidenced by the SPY, but charts like AAPL and the VIX hitting the 200 day EMA point out the longer term trend is still heading south. It will be interesting to see if AAPL rolls over at $150 to head back to $118 to complete he head and shoulders pattern.
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