Another Bad Day For The Dow

Posted by Kris | Friday, October 24, 2008 | | 0 comments »

Last night, the DJIA closed +100 points but the Nasdaq closed in -17 points.A divergence that has only occurred last night during the great downtrend. Usually, both indexes come to bed together.

Tonight , the Dow loses around 400 points at the open , and now trending up to -170 points as we speak right now. Not a good sign really although the short rally is happening, as Asian markets are making new lows week by week.

The downtrend trend is strong. But some bottom fishing seems to be happening, but nevertheless, the real trend always happens around 3pm..(US Time)

Really need to get an edge to trade in this volatile market. May the force be you all.