Hold on Tight! Market Turns Sour

Posted by Blain Reinkensmeyer
November 9, 2006 at 2:56 pm

I say “hold on tight” as we are about 7 minutes away from 3:00 PM here. The next hour should be an interesting one to watch as the market has been on the downswing since about 12:30-1ish today and continues to slip. The NASDAQ is now down about 7 to 2,378.09, with the S&P 500 down about 1% or 6.25 points, and the DOW is down just over 70 to 12,106.51. Perhaps a rally will ensue? Perhaps we will test support lines from the last few days? Whatever it may it isn’t about predicting the trends, it is about reacting to them.

Hope Your Afternoon is Greener than Mine!

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