Whoa Nelly! Out of the last 4 weeks of trading there have only been two days that the Dow hasn’t had a triple digit move up or down. I expected a bit of a move higher today as stocks typically don’t move too far in either direction pre FOMC statements, but not a near 11%
Capitulation Day Tomorrow?
The third trading day of the week brought the third day of losses to the major indices. From a technical standpoint it appears as though the markets will test the October lows. The 64K question is whether or not support will hold. If the support fails, we may get that capitulation day that everyone was