3/8/09
Update: SPX 677 now on weak Asia and Europe trade,,,,SPX future up to 693. A 5% reversal soon off Friday lows
These 3% plus reversals are important keys to trend changes. Update: That sure fizzed out.
3/6/09
A Dedication to "Stock Lobster" - Who pounded us that this would be the Outcome over the last 2 Years
Salute!
(BTW I am very much bottom watching down here now)
New Lows 6400's SPX 669
"As the president has often said, it's going to get worse before it gets better," spokesman Robert Gibbs said on Air Force One as Obama headed to Ohio to tout a minor victory for his plan.
Since Obama's inauguration on January 20 the DJ Wilshire 5000, one of the broadest measures of shares traded in the United States, is down 14.84 percent or $1.4 trillion through Thursday.
"At least on Wall Street, the honeymoon is over for President Barack Obama," a Business Week magazine column declared.
3/5/09
SPX 682 close -4.3% New low 678 - Ranges for Friday
SPX Day
Dow Closes 6,594 with an intra day low of 6,546, like I said 6300 ish is next support for the DOW 20 (14 Dow stocks under $20 now, 2 under $2, 5 under $5)
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