Good morning all.
The DJIA has been down 4 consecutive days, and that's usually long enough before a bounce. Unless it's on one of those October spirals down.
Indicators are now well down from overbought, and at half mast,levels from where recent history tells us it bounces.
The supportive 50 day sma has been pierced, and that may also be the cue for a bounce.
As well, copper fell to this year's lows (2% fall) and BHP ADR's fell to the support level around $AU33.60---but with 15 minutes to the open, they ae holding around %34.40 here, much higher.
In summary, the market is at the sink or swim point.
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Last
8,597.7 |
Change
56.600(0.66%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,541.1 | 8,613.0 | 8,536.7 |
| XJO (ASX) Chart |