Market Technical Analysis - Gap Down Alert! 02-17-2009

InTheMoneyStocks.com looks at the gap down in the markets today after Japan reported some ugly economic numbers showing major declines. The selling and fear from Japan spread all over the world as the US markets were closed Monday for Presidents Day. The US markets gapped lower today showing major weakness. However, the gap down as of now has stayed in a tight range between InTheMoneyStocks.com's key levels on their charts. They note major supports/resistance levels we currently are hitting and discuss the probability of a major move up or down in the coming hours. They focus purely on technicals and avoid all the Wall Street hype. Enjoy and come join the Research Center which is InTheMoneyStocks.com premium service. It contains nightly videos going over the current day in the markets and all major levels on the daily, weekly, intra day time periods. They discuss price, pattern and time values in their calculations. The Research Center also contains a Pro Trader Watch List, Daily Market Research Report with key levels on Gold, Oil and the US$ and a Hidden Gems report and Technical Tactic videos for educational purposes.

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