Thursday, October 1, 2009

Stock Market Update - October 1, 2009

Ouch! Today hurt pretty badly if you were long. Last night I talked about the possible double bottom for cash flow ... well it occurred. I would expect sometime on Friday or Monday the market to firm some in price. Again this is what the indicators are telling us what MAY happen.

Money flow is close to the bottom. Look for support when this bottoms. Today we had a 94% volume down day for the NYSE ... this means we usually receive some kind of support in price in the next few days.

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