Any bounce could well be a dead cat....I don't like the fundamentals right now ...just has a bad feel....
I don't like that gap down over the 200 MA and I find it hard to believe that after the worst financial crisis in history the market just carries on as if nothing has happened....a major correction is well overdue IMO....
The DOW is being propped up by QE 1 and 2..but that won't last....
compare 1987 to now
waterfall monday, page-73
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |