March 3, 2009
The stock struggle
Story link: The stock struggle
A lot of traders trade on the basis of what happened in a similar situation the day before, the week before, or even a decade before. They look for patterns in trading and some times trade based on history alone rather than using a mixture of technic
Investors don’t lack ways to measure the carnage on Wall Street. What they’re missing is a way to calculate when the losses will stop.
In falling markets, technical analysts look to stock market history for points where buyers might jump back into the game. These so-called support levels are places where, at least in theory, stock market momentum should slow or shift.