Dow 10,500 is Support

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.

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags:

Markets

Comments

10/2/2008 2:42:49 PM

mike

Another test, bill Smile

mike us

10/3/2008 2:41:03 PM

billb

bouncey, bouncey ... Smile

billb us

Add comment


(Will show your Gravatar icon)  

  Country flag

biuquote
  • Comment
  • Preview
Loading



Powered by BlogEngine.NET 1.4.0.0
Theme by Mads Kristensen

RecentComments

Comment RSS

Calendar

<<  November 2008  >>
MoTuWeThFrSaSu
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567

View posts in large calendar