Monday, March 10, 2008

Stocks Continue To Move Lower



Stocks continue to move lower as the yen moves higher. As you know I shorted the Q's last Monday based on the NASDAQ breaking down from its symmetrical triangle formation. I'll post downside targets for the NASDAQ and the rest of the stock market later in the week.. I'm lowering my protective stop to 44.00

3 comments:

kk said...

Kevin,

How about your view after the Fed's intervention?

Thanks in advance!

Kevin said...

Nothing has changed...My protective stop remains in the same place slightly above 44.00.

kk said...

Kevin,

Thanks for the reply!
Target between 37 and 38?

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites