I find people so funny who talk about technical analysis in these times. How can you relate previous support levels to today? When was the last time we were on the verge of a complete and utter world wide financial meltdown? The answer is simple, never.
Many posters here have soley gone through there trading life in a bull market (as have I), where previous levels of support are justified as in essance they have been set within the same market sentiment. But how can support 10 years back posted in a bull market be relevant to today?
Barnsty can you answer me why the market can't continue to plummet till true value is found? What will be the stimulus to turn this market round? I would hate to think how much selling will be attributed to margin selling come monday.
relief rally, page-24
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