This is not the kind of start many wanted. The late afternoon slump left many stone cold.
The curse of subprime problems spreading accross economy injected fears in to the US market. A quick check on the chart shows DJ broken down a symmetrical triangle pattern. 13,000 must hold to look pretty, otherwise no eyes see. Currently DJ is trading -164... With Ah Ben's meeting minutes reaching the market at 2pm their time, it will be nice to see a hammer! : )
Many stocks look like turning down from a lower high... a sign of downtrend stock. Hence I will still be careful abt trading stocks and look for index warrants for a change.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
