Technically the action on the DOW has been textbook.
A failure at 12800 to breach resistance puts it into another down leg and a likely bear market. Its going down a lot further from here IMO.People need to start thinking where share prices are going to be when the DJIA is at 10 000 or 11 000 not 12000.
Average DJIA drop during a US recession is 28%. It looks like the recession is pretty much guaranteed now so where's the DJIA going from here?
As for BMN I think we could hold reasonably steady today after yesterday's appointment. The ball seems as if its really starting to roll now. Hopefully the SP is going to put in a floor sometime very soon despite the worst the DJ can throw at us.
kneejerk coming, page-4
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Last
$2.95 |
Change
0.090(3.15%) |
Mkt cap ! $526.9M | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.03 | $2.94 | $1.499M | 505.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1610 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 5480 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |