December 16, 2007 at 6:24 pm | | Comments 3

Recovery Facing a Test

The current recovery is facing a test at this juncture, as the rising channels which have formed from the November lows are starting to give way to some selling. This of course introduces the threat of new lower highs if the bulls don’t step in quickly, and that places great emphasis on the next few days as we wait to see how the buyers respond.

Be sure to check out this week’s Market View page over at before you start your trading week for a closer look at the index charts and some market commentary which were posted tonight (and every Sunday). It’s actually the top portion of the nightly Bandit Broadcast (without the trading ideas), which is published on the Market View page as a weekend bonus for readers of this blog – hope you enjoy it!

Trade well this week,

Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service

[tags]Stock Market, Day Trading, Stock Trading, Investing, Swing Trading[/tags]

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  1. Inflation is now in the picture. We probably won’t get anymore rate cuts now.

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  1. From Financial News Around the World » Recovery Facing a Test on Dec 16, 2007
  2. From Day Trading Articles » Blog Archive » Recovery Facing a Test on Dec 16, 2007

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