I seriously don't get the behavior of the Euro. Germany is officially in a recession as of today's figures and the euro rallies. Ok.
I'm sitting this week out, as posted earlier even INTC is rallying, go figure. it will come back crashing
It's funny we say this all the time, but I'm not totally sure it's accurate. More like buyers were willing to pay more or sellers weren't willing to sell for less. Since technically every buyer has a seller. But I agree with others. It's a good lower risk entry point and it gives you a stop that's not too far away. Risk/reward can be decent here.
The Dow bounced off 8,000. If you were watching the Major Indexes this was an easy one to predict and trade. I don't always get them right, but I have been waiting for this since Monday.