Equity Markets Could Be Ripe For A Bounce

Friday, July 23, 2004 | 11:37 AM
in Media

Yesterday's technical talk got picked up by Dow Jones Market Talk right at the Bell:

07/22  4:00P (DJ) DJ MARKET TALK:
Equity Markets Could Be Ripe For A Bounce
Story 10889

4:00 (Dow Jones) The recent stock selloff is the sort of tiring action that eliminates weak hands, exhausts sellers, and throws off enough confusing signals that both bulls and bears end up frustrated, says Maxim Group strategist Barry Ritholtz. But, it also creates a deeply oversold condition making a bounce relatively easy. He sees the markets bouncing back for the third time this year, with the Nasdaq able to recover to 2040 and S&P 500 to 1140. He sees a low-risk entry point here and says investors won't need much to go right, as long as nothing major goes wrong. (NPB)

Friday, July 23, 2004 | 11:37 AM | Permalink | Comments (3) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8346447ed69e2

Listed below are links to weblogs that reference Equity Markets Could Be Ripe For A Bounce:

Comments

Barry, with the Naz going below the "head" on the inverse head-and-shoulders pattern, yesterday and today, doesn't that invalidate the pattern?

Posted by: Chris | Jul 23, 2004 4:24:14 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner