David Moenning's Daily State of the Markets: 4/22

Courtesy StreetInsider.com News Articles  Tue, 04/22/2008 - 09:47

So Far, So Good

Here’s a link to listen to an Audio Version of the report: http://PlayAudioMessage.com/play.asp?m=498875&f=PBZEFK&ps=13&c=FFFFFF&pm=2&h=25

After a breakout, it is fairly common for the stock or index in question to pull back to the breakout area to retest the move.

In short, the idea is for prices to revisit the previous resistance zone and ask the question, “Are you sure?” This type of backing and filling generally occurs within three days and three weeks of the initial...



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