Hold on Tight! Market Turns Sour
Posted on Thu 9th Nov, 2006 02:56:58 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!
More on this topic
(What's this?)
The Biggest “Short” of the Year
(Investment U, 10/25/06)
Dogs of the Dow: A Twist on the Dow Investing Strategy, with 5 Stocks On the “Fly”
(Investment U, 10/20/06)
The Dow Jones Wilshire Everything
(Index Universe, 10/16/06)