Market Technical Analysis - The Plunge Continues - 02/20/2009
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InTheMoneyStocks.com looks at the massive sell off in the financials as the markets follow. BAC, C, WFC, GS all leading the declines as they get absolutely demolished. Rumors are spreading that nationalization is to follow shortly...however, InTheMoneyStocks.com cautions on that assumption as it could be big money bullying weak money. They note the chart support and resistance lines in the market as they continue to seek signs of a possible capitulation move. They discuss all the technicals on all the intra day time frames and then discuss oil and the possible pullback today off of the huge up move yesterday. Enjoy and come join the Research Center, Intra Day Stock Chat - now with live video or the Swing Trade Alerts!
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