Share this on:
 Facebook
 Twitter
 Tumblr
 E-mail
5
VIEWS
 
RECOMMENDS
1
SHARES
About this iReport
  • Not vetted for CNN

    • Click to view ronjaenisch's profile
    Posted September 17, 2012 by
    ronjaenisch

    More from ronjaenisch
    More iReports you should see

    New Highs Due this Week...unless

    By ronjaenisch  |  Posted September 17, 2012  
     

    With the market surging higher on the news that the Fed will now have a Bennie Mae program that will buy up mortgages, one wonders how high the market can go.

     

    In addition the market has been going down on Mondays.

     

    This morning the market reversed at a critical support level, indicating that new highs are on track for later this week.

     

    Under what conditions would a down move be reasonable here? If prices close below the line shown.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story