re: dow hangs to 11000 by a fingernail
SP500, Nasdaq look like just hanging in there wilth higher double bottoms and FTSE a little more postive but the latter is a day behind.
Dow is the sickest and looks a day ahead of the first two. It looks gone.
A bounce tonight is definitely on the cards but not necessary.
A one day bounce will not resolve anything. Only if the can get the DOW to recover its H&S line. In May/June '87 we recovered from a similar breakdown and then had a few more months of great upside before the big collapse.
Metals look bad though with copper trying to hold 3.40. That is pivotal.
Often our behavior signals ahead the US respose. So if after a weak start here we have a massive rally it means the boys know what the game is for tonight.
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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