Market Today: The Close Is All That Matters
June 26, 2008 10:20 AM
I have been skeptical of the markets for a while now as I have mentioned. I am not sure where we are going today. We have the March lows in the Dow below, so trading today is risky I believe. This should get very, very volatile into the close, IMO. Unfortunately today may be all about oil and March lows, so this could be very difficult.
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We still have 11508 on the Dow. if we clear that and cannot immediately reverse, the market “may” collapse.
My bad, I should have looked. The Dow made the low in January at 11508, not March, according to BigCharts. i need to check this out further, something seems wrong