I agree that this is a good day to sell, before the fade arrive.
My read of Elliot Wave is to expect DJIA to stay around 13000 until the next bad news, and to continue its decline.
The Fed had a suprise interest rate hike in 2001, with the DJIA bolting to 11000 from 10500.
Within two months it was below 9250.
Check the Leavitt Bros weekly video, no longer calling a double bottom.
What will the discount rate cut do to home prices, subprime woes, credit squeeze, hedge funds.
Nothing, IMHO
sell into strength
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$63.93 |
Change
0.160(0.25%) |
Mkt cap ! $12.39B | |||
| Open | High | Low | Value | Volume |
| $64.00 | $64.09 | $63.66 | $11.25M | 176.1K |
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| No. | Vol. | Price($) |
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| 1 | 1283 | $63.73 |
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| Price($) | Vol. | No. |
|---|---|---|
| $63.94 | 9 | 1 |
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