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Alpha TrendsAlpha Trends is dedicated to unbiased technical analysis of momentum stocks or stocks that look poised for a large move in either direction. It is updated by Brian Shannon with video and written technical analysis of the equities markets and individual stocks. |
Fed Actions Ineffective?
Posted on 08/14/2007 14:22:53 | Link | Post Comment
This chart shows the QQQQ from Friday to current levels. The market just broke below the Volume Weighted Average Price since Friday which indicates that the sellers are regaining control and the that the actions of the Fed are becoming irrelevant to traders in the Nasdaq 100. Goldman Sachs is hitting new recent lows today and I think that stock is a good indication of where the market is headed.
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