Yes, the chart, IMHO, looks like the start of brand new falls on the DOW -1.77% -447 pts fri, and the NASDAQ fell even more 2.43%. They are all sitting on 200 day moving Avg and slightly below for the DOW & our market thr ASX. 2nd time revisit the 200d ma within 1.5 mths.
Yes exercise caution, and even for the stronger stocks - are not immune to ST falls, so long ST trades become losers, when markets plunge 3-5 days in a role or 3 down 1 up 2 dn 1 up etc. If it becomes a correction only and not a bear, may present some good buying opportunities. ..
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