Some good news today: we finally got some put-buying, which means investors are finally showing a little fear. That's a hopeful sign for next week. A negative, though, is the bearish "three black crows" that formed on the indexes the last three days, most notably in the Nasdaq (first chart below). A bounce often follows that pattern before more downside. Resistance is 1800, 1812-1821 and 1840, and support is 1780, 1760 and 1740. On the S&P (second chart), resistance is 1000-1001, 1010 and 1015. and support is 990 and 980. The Dow (third chart) has resistance at 9370 and 9500, and support is 9200-9250 and 9000. The banks (fourth chart) need to bounce here. An old saw is that traders should buy Rosh Hashanah and sell Yom Kippur; the market is oversold enough to make that a possibility this year.
Rising Up Against Rankings :: Inside Higher Ed :: Higher ::
Apr 2, 2007 As President Naylor wrote in a newspaper op-ed last spring: “As academics, .. who are accepted relative to those that actually show up.
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