For the first time in the past five trading sessions, our index went under our 1890 support level yesterday and even managed to close the gap formed on the last trading days of October. Decliners continue to beat gainers 8 to 1. Volume slightly inched up to nearly 800 million shares that exchanged hands as [...]

One of the few stocks whose MACD lines stayed on positive territory during last week’s market free fall. Is this just because the price was falling from a higher “cliff” than the rest? Regardless, what I know is that this fall helped create a very obvious resistance line (Apr. 2007 and Sept. 2008 peaks).
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