Dow has to hold 9500 or we are going to see a free fall over the next week to 7800. Hold on to your hats!
Misery love company. With commodities being hit it does somewhat skew the decline. Still not a pretty sight.
We hit 7882 and bounced. Looks like we are going to have consolidation around 8200. Lets see if it holds.
Bond…the answer…no, it wont hold for long…throw out the tech…and go with the fundamantals…no money=no credit=no business
Tech analysis is by no means the be all end all, but it has served me well over the years. A lot will depend on this weekend with the G7 meetings as to what transpires next week.
that is your opinion. You either don’t understand how to use it as a tool (and like anything else is not 100% correct), have no method to managing money other than what the mothership tells you what to do, or are a mutual fund jockey. Use what works for you and your clients. There is a reason most firms employ technical and fundamental analysts.