Well, DOW went on a huge selldown of about 1% having a 100 pts drop on Friday lead by banks. Volume was high indicating strong sentiment to sell (must be panic selling). I have been noticing alot of 1 day market drops of over 100 pts since november, and then a rebound. DOW closes at support so we my see a slight rebound on monday or if it is still bad then it will break support and continue selling.
Saturday, January 16, 2010
Selldown
Well, DOW went on a huge selldown of about 1% having a 100 pts drop on Friday lead by banks. Volume was high indicating strong sentiment to sell (must be panic selling). I have been noticing alot of 1 day market drops of over 100 pts since november, and then a rebound. DOW closes at support so we my see a slight rebound on monday or if it is still bad then it will break support and continue selling.
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