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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

October 22, 2007


Will Price Swings Mellow After Post Expiration?

Filed under: Online Stock Trading — Online Stock Trading @ 8:54 pm

I went out of town Friday morning and missed all the fun. I’m really not surprised at a 70+ point for the Nasdaq. The index moved 200 points higher in the last month. Today’s volatile session brought the Nasdaq Composite back to 20 day moving average resistance, along with reistance of a 200 ma on the 5-minute chart. I expect that these swings of the last few days will mellow out post expiration now.

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Stepping away from the market for a few days was refreshing, but I’m ready to get back in the turret tomorrow.

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