Did the Stock Market Really Fail 3 Times?
Stock-Markets / Stock Markets 2015 Mar 28, 2015 - 05:17 PM GMTBy: Marty_Chenard
Three times it tried ... Yes, the NYA Index tried to move and stay above its 11108.39 resistance, but it failed to do so three times.
For normal investors, this is high danger sign that suggests moving cautiously is prudent.
Take a look at the current NYA Index chart below and you will see that yesterday's tick was back inside its first triangular pattern and still below the 11108.39 level.
This depicts a struggling market that is pausing and considering its next direction.
By Marty Chenard
http://www.stocktiming.com/
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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