Market Woes Continue
Posted on Wed 11th Jun, 2008 12:47:13 PM
So much for the NASDAQ 50 day moving average holding as support, today we are down another 1.5%+ and it isn’t even 1:00 PM.
Just minutes ago the market fell to new intraday lows across the board, nice setup intraday too. Take a look at this shot of the NASDAQ:
The NASDAQ is down some 5.5% over the last four trading days, with the S&P 500 down 4.6%.
On the flip side anyone who is sitting in fertilizer stocks could care less what way the market goes.
