3 replies to this topic

[nimblebear]

12,156.48 -475.78 Nasdaq 2,403.73 -100.79 S&P 500 1,390.51 -58.86 10 YR 4.51% -0.12 Oil $61.50 $0.11 Gold $687.20 $-2.60

[fib_1618]

Nope...a large sell program hit the floor at 14:59 and was worth 175 Dow points. Nice day for the bears, eh? Fib

[ken29]

fib, is this a one day wonder for the bears?

[fib_1618]

fib, is this a one day wonder for the bears?

We should see some follow through in the morning from those who don't know as yet what's happening today, and then stabilize.

Short term, we have resets on many indicators today, so we'll have some backing and filling for at least a couple of weeks.

Intermediate term, the 9 month low seems to be right on time for the week of March 12th...the internal lows of which usually appear about 2 to 3 weeks out of this same nesting point.

Longer term, bull markets are notorious for fast and hard declines to shake the confidence of many and abruptly shift general sentiment. Today would fit fairly well within this context.

Fib