Share this on:
 E-mail
151
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view ronjaenisch's profile
    Posted December 12, 2012 by
    ronjaenisch
    Assignment
    Assignment
    This iReport is part of an assignment:
    The fiscal cliff: Messages to Washington

    More from ronjaenisch

    Market Reverses at Important Point

     

    Today the Market, as measured by the S&P went up to a critical point and reversed. Normally when this occurs the market will go down a bit and then go up to try to make a higher high.

     

    When it goes up to make a higher high it needs to go past the critical line noted otherwise the stock market will feel the cliff in a significant manner.

     

    The same reversal at the Advanced Andrews Course lines can be seen in the Dow and IWM, by drawing the same lines.

    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