by 68Camaro » Mon Aug 08, 2011 2:57 pm
68Camaro wrote:Looks like TPTB are making an desperate attempt to try to end the day on an up trend (not number, but trend) note. One try failed. They are trying again.
Nope - they couldn't do it. They are trying to steer it into something less bad than it could be, maybe they'll come in under 5% and <600, if they're lucky. But still a BIG end of day down note - that's bad for tomorrow's psychology. Going to close down nearly 600 and 5% - with NASDAQ and S&P down more than 6%.
Post close edit: Wow - further slip at very end, At close, Dow -633 -5.5%. NASDAQ -6.9%, S&P -6.6%
Could've been worse, but not by much. And it doesn't look good for tomorrow either.
Last edited by
68Camaro on Mon Aug 08, 2011 3:05 pm, edited 1 time in total.
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