Markets dropped below the supports- the SPX counts a daily 9, hence 3-4 lower closes required target 770-800.
The VIX counts a daily 12 as well, putting a high alert with one more high to go.
I assume with SPX is going below 839 selling pressure will increase
on TV they say lighter volume - I see much higher volume traded
More later, PPT defense working well so far :) but the market back up - 45 min to go
Thursday, October 23, 2008
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