Thursday, August 16, 2007

Looks like makings of a blow off bottom

Posted by TraderMark at 9:45 AM TweetThis
Last hour yesterday and first 15 minutes today have the signs of people throwing in the towel, which is finally constructive in making a near term bottom. Many stocks across the board down 5-7% in first few minutes.

The indexes do not tell the story of how bad the individual selling is.

No position

Posted by TraderMark at 9:45 AM

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