My feeling is today is a capitulation day at least short term. Smart money is buying financial stocks.
stock_trad3r Registered: Jun 2006 Posts: 6975 New Post 10-10-08 02:01 PM crash is making headlines all over the world LOL, where did you hear that? You said it was all fake and made up
We haven't had the volume surge needed to call it a capitulation. I think we can say selling power is running out and now there is equilibrium, which we'll see with a doji candle. That's an important step. We could have another down day but I think the down movement is about over. Market is making a mini-rally attempt as I write this.
proof noting changed between now and 2007 http://seekingalpha.com/article/99388-web-ad-revs-up-15-2-in-first-half dow 14000 next year goog 700 I will be right