Sunday, August 31, 2008

Charts Of Interest



Gold has bounced from its oversold condition but is now testing major resistance.




The airlines do well when oil prices trend lower as can be seen in the above chart.




GOOG has been trending lower since last May making lower highs and lower lows. If you look at the above chart you'll see that GOOG is about to break below support.




The NASDAQ has been much stronger than the S&P from July going into August but over the last 2 weeks the NASDAQ is showing relative weakness compared to the S&P.

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