Weekly Analysis: Support Broken
By Alex • Feb 22nd, 2009 • Category: Stock Market Analysis
Stocks fell hard this last week, breaking support and entering uncharted waters. For those of you eager to jump right in a short on the Dow, be careful.
While stocks broke a key support level, a false breakout is not out of the question. Stocks pulled up off lows on high volume so the successful investor would do well to wait and see how stocks react on Monday.
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