(Click on image to enlarge)
There are two school of thoughts
(i) DJIA and S & P broke below 2002 low, so it is a matter of time other broader indexes like NYSE, Nasdaq and Wilshire 5000 will break down soon. The market self defeating mechanism will continue to feed onto itself. ( Seller )
(ii) There is no doubt that DJIA and S & P 500 broke below 2002 but other broader indexes held up well. This is getting closer to bottom once the nationalization fear priced in. (Buyer)
............................................. to be continued
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