I'm away for the weekend and do not have access to charting. The DOW was up 265 points and the bailout vote came. By the end of the day the Dow was down 137 points. Enough said.
The markets are WAY oversold, BUT the state of the economy is at best apathetic globally. I find it interesting that no one is picking a bottom here. Cramer called a bottom a couple of months ago and we are now below those levels.
Bottom line is there are no buyers in the market and until volume increases on a significantly UP day it is entirely too risky to be long.
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
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