Bounce, Test, Bounce . . .

Saturday, June 03, 2006 | 11:30 AM

I laid out a probable course of events for the markets on May 18, and the markets appear (at least so far) to be cooperating with that thesis.

>

                                                                                                           
IndiceHighLowCloseHi to LowLow to Close
      
Nasdaq  2378.322135.812219.4110.20%3.91%
      
Dow11670.1911030.4711247.875.48%1.97%
      
S&P5001326.71245.341288.226.13%3.44%
      
Russell 2000784.62696.06737.4511.29%5.95%

>

>

Here's a look at a few indices to see how that is playing out:

>

Nasdaq:  High of 2378.32 down to a Low of 2135.81, with Friday's close at 2219.41.

Nazz_may_06

 


Dow: High of 11670.19 down to a Low of 11030.47, with Friday's close at 11247.87.

Dow_may_06_1


SPX:  High of 1326.70 down to a Low of 1245.34, with Friday's close at 1288.22.

Spx_may_06



Russell 2000: High of 784.62 down to a Low of 696.06, with Friday's close at 737.45.

R2k_may_06

>

Lets see how this all plays out next week . . 




Saturday, June 03, 2006 | 11:30 AM | Permalink | Comments (15) | TrackBack (0)
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Comments

Shouldn't the numbers in the "High to Low" column be negative?

FWIW, the singular of indeces is index.

Posted by: C | Jun 3, 2006 1:42:52 PM

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