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Article: FirstAlert(tm) Daily 11/6: Beware The Third Wave Down.
- Article from:
- Investrend
- Article date:
- November 6, 2009
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Nov 06, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/06/firstalerttm-daily-116-beware-the-third-wave-down/)
- Technical Commentary -
November 6, 2009 (FinancialWire) (By Frank Kollar) -- The S&P 500 Index (SPX), and its tracking ETF the S&P Deposit Receipts (NYSE: SPY), rebounded this week from a sharp sell-off last week.
Although the gains this week, culminating in a 2% rally on Thursday, November 5, are a nice boost for the bulls, the stock market still has further to go before there can be any certainty the rally is back on track.
Right now about 50% of the losses have been ...