| U.S. Stocks: Heading Back to Free-Fall Territory? | |||
| By now, many people who bought Facebook shares in the initial public offering have learned a hard lesson: Technology stocks can make suckers out of anyone, or, in this case, zuckers out of anyone. With Facebook's stock price doing a face-plant, the bigger lesson is that IPOs of seemingly surefire stocks can go down as well as up. Just like housing prices. Just like gasoline prices. Just like the Dow, the Nasdaq and the S&P 500. Which is why it's important to recognize a turning point in the market -- and also, if signs point down, to have an idea of whether the market has a nearby support level so that you know how low it might go. Bob Prechter looks at a chart of the Dow going back to the 1930s in his newElliott Wave Theorist, and he can easily draw the trendline that shows resistance. "The Dow gave this line a kiss goodbye last year but returned to the front porch this spring for another buss." (For any youngsters out there, "buss" is an old-fashioned word for kiss.) But kissing time may be over, and the best way to decide for yourself is to read Bob's double issue of the Theorist: 21 pages packed with 24 charts that lay out his market analysis in detail. Then you can see where the support level for the Dow is
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In dit Blog diverse onderwerpen over onder andere: - Beleggen op NL en buitenlandse beursen - Artikelen over Economie (wereldwijde)
woensdag 30 mei 2012
FACEBOOK in Free Fall
Labels:
aandelen,
AEX,
daytraden,
dow jones,
facebook,
financieel,
griekenland,
nasdaq,
US
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