Wednesday, January 14, 2009

Intraday moves...

Today's market dip has taken the indexes down below a number of technical supports (860 and 850 were supposed to be important to the chart readers) with the S&P 500 at 845. If the markets stay below 850, there is little support from here to the old November lows - that's about 750 or 15% below the current level.

We'll see how it plays out....

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