This Stock Is Trying To Move Through A Pivot Point

  • August 31, 2004
  • Tim Truebenbach


There’s not much I can say about the current market that I
haven’t already said.style=”mso-spacerun: yes”>  Volume has been anemic since the
above-average
selling we saw in early August.


 





 


 


The market saw a nice
reversal today as the month ended and that
very fact probably explains the
reversal. 
Volume was very light once again,
especially on the NASDAQ.


Accredited Lenders (LEND) is attempting to
move through a
pivot point at 40.18, but
volume is nowhere near where it should be.


 




The best thing to do in this uncertain market is wait and
watch…watch for new set-ups and much heavier
volume to come into the indexes on the
upside.


Tim Truebenbach