by billb
2. October 2008 14:03
It's been another down market today so far, but I'm watching it bounce off of 10,500. This is where the market gave way on Monday. It's also where it closed above the following day. There is a lot of interest around Dow 10.5K. If we can hold underneath that for a few sessions, I think we have some more weak hands to shake out. The VIX topping on Monday at this level may prove to be a signal. If we break through 10.5K on a low VIX, we have another panic ahead of us, I would think.
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Markets