UPDATE ON THE STOCK MARKET . Wednesday, February 27th, 2008 We’re back to three days up in row , hoping today proves to be another up day, the fourth in a sequence, triggering Trader Vic’s bullish 4-Day Rule . In spite of more bad economic data yesterday morning, like twice the expected producer price...
Posted to
Principles of the Stock Market
by
Richard Schwartz
on
02-27-2008
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Filed under: Principles of the Stock Market, Richard Schwartz, Trading, Technical View, Seasonal View, Investing Strategies, Charting, Keys to the Market, Market Bottoms, Day to Day Action, Update On The Stock Market, Daily Update, 4-Day Rule
TECHNICAL VIEW . Three technical points today: 1. Yesterday was a prime example of how computerized, black box oriented, or just say hedge fund dominated today’s stock market has become. The market was programmed to go up, right in the face of more and more bad news coming out. A glaring example of this...