Stock Market Intraday Chat: Apr 2nd - 6th - Page 17
My gut makes a mighty fine contranian indicator the vast majority of the time, especially when it says, "double down!" S&P support 1387 then 1374-ish.
Not sayen we can't go up but I agree with Ichi. I have to see 86 or 03.
Here is my $.02.. I think tomorrow we see another 1% drop. So far our drop followed the drop in Taiwan on Monday and will see if it follows the drop on Tuesday.
If Ben comes around with that invisible hand then the bull run is still on and continue to climb after all dips which are seen as a buying opportunity but if that hand is out of this market then we can only drop from here and head further south.