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  • Super Chart Signals Waning of Bear Market

    03/27/2008 6:50:45 PM PDT · by SeekAndFind · 13 replies · 704+ views
    Moneynews ^ | March 27,2008 | Max Whitmore ( The Chartist)
    Well, here we are nearly 10 days post-Bear Stearns, and the markets are still very tenuous. We have yet to break decisively above major resistance on the Dow Industrials or the S&P 500, according to my Super Chart Keylines. Granted, we have broken above what is called the near-term resistance, but the major resistance levels are still higher on both charts. We are, however, closer to resistance levels on the Dow than the S&P. We have to ask what the charts are telling us at this point in order to get some clearer sense of what to expect and do...