No Support Here
15th January 2009
The stock market blew through support this morning. It has gone well beyond losing momentum. The bad news is overwhelming the financial markets once again. Next stop is 8,000 on the DJIA and 800 – 820 in the SP 500. If you have been playing some bearish strategies on the Index options, you may want to take your profits near the close today, rather than risking a bounce on the open tomorrow morning.
