Saturday, December 20, 2008
Friday's action
Looking at a chart of the Nasdaq composite... Friday's action saw a large increase in volume and price moving just slightly lower. There was a lot of trading, the price didn't collapse. Which indicates there was plenty of buying interest. It still looks like a bottoming process.
Stocks are acting better. The Number of Stocks Crossing Above the 50-Day XMA has been picking up for a couple of weeks, after laying fallow for the past couple of months. But not too many stocks have crossed back above their 200-day XMAs yet.
Stocks are acting better. The Number of Stocks Crossing Above the 50-Day XMA has been picking up for a couple of weeks, after laying fallow for the past couple of months. But not too many stocks have crossed back above their 200-day XMAs yet.
// posted by gigascanner @ 8:44 AM 
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