Sunday 3 April 2011

Getting Technical: Weekend Update

Here's the latest weekend update from Serge Perreault, a Chartered Accountant and market technician located near Montreal, Canada. Serge has been following the U.S. market in a series of weekly charts. Here is his update on the S&P 500. The S&P 500 continued to improve but remains inside a sideways trading range showing a volatility of 5.7% for the year and on 13.9% below-average volume for the week.

Note: In his email accompanying the chart, Serge explains his reference to 5.7% volatility as the highest close divided by the lowest close from the beginning of the year minus 1.


View the original article here

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