Thursday, December 6, 2007

Ignition

We definitely had lift off today. I just took a look at the index charts and the bulls really took it to the bears. Not only did the S&P take out technical resistance but the Nasdaq took at resistance at 2700 as well. I was so focused on the S&P that I didn't focus at all on the COMPQ.

The Chart is linked:

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&b=5&g=0&id=p77158632644&a=106542318

The S&P also took out the bearish trend on the Point and Figure.


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