Showing Tag: " price movement" (Show all posts)

DEAD CAT BOUNCE...

Posted by jov3n- trader202 on Thursday, August 11, 2011, In : Trader202: Tips & Tricks

Market shows, price bounce at 133+ last Aug. 10, 2011. But, I can safely says, it's a dead cat bounce. Stay cautious, since chart still on bearish position. Good luck fellow traders.

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US MARKET BLOODBATH

Posted by jov3n- trader202 on Thursday, August 11, 2011, In : Investing

There are a multitude of reasons behind the stock market plunge in the US that led to the 9th biggest point drop in the history of the Dow Jones index. Below is a brief discussion of these reasons.

1. Weakening U.S. economy – Recent GDP data show that the US expanded by less than 1% in the first half of the year. Industrial activity is likewise slowing, as evidenced by weak PMI and ISM numbers. All these, plus lower consumer spending all pointed to a weakening economy, bringing about talks o...
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