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Daily Archives: January 15th, 2008

Identifying Breakouts, “On The Down Side”: Case Study #2, FXI

January 15, 2008 – 8:33 pm

FXI reached a high of $219.56 on Oct 31, 2007, and, has subsequently been falling. For about 2 months now, it has been testing the support at $170. Today it fell below this level, in a dramatic way. FXI closed down 7.55%, or $12.89, at $157.8599, almost 13 points below that $170 […]

By HappyTrading | Posted in Uncategorized | Comments (0)

Review 1/15/08: SPX, Nasdaq, C (Citigroup), INTC (Intel), AAPL (Apple), GOOG (Google), RIMM (Research In Motion), BIDU (Baidu)

January 15, 2008 – 7:32 pm

The selling pressure never let up today. This morning, the retail numbers came in on the soft side, which added to the fear that the US economy is heading into recession. Citigroup’s (C) earnings made things worse, with an $18.1 billion write-down. The Dow finished down 277.04 points; SPX lost 35.30 points; […]

By HappyTrading | Posted in GOOG, AAPL, RIMM, INTC, BIDU, C | Comments (1)