leading up to a black tuesday, page-9

Bionic Boy

DOW fell on Wednesday mainly due to sentiment of interest rates kept on hold. Friday they were expecting a bounce on poor employment numbers hence an interest rate cut but the numbers were too bad and together with the Friday effect, it tanked. Yanks will wake up tomorrow and wonder why it went down with the inevitability of an interest rate cut.

DOW really is in technical trading. It had to come down from 14000 and dropped too far to 12500, bounced back to 13500 and will settle and move on. They will find whatever reason to work those waves. They wouldn’t go down when the rest are moving up.