FibMaster
06-27-2008, 10:51 AM
OK so we know that the markets have tanked lately. The markets are obviously over-sold. Where can it support? What is the next downside target?
For emotional reasons. Most investors will unload their positions and capitulate near the bottom. Once that selling is done, the market can recover. The next two weeks are critical. If the blood-letting doesn't stop soon, we're headed to the next level down!
Watch my latest video update on the DOW here;
http://www.dailyforexcharts.com/charts/080627_DOW/080627_DOW.html
For emotional reasons. Most investors will unload their positions and capitulate near the bottom. Once that selling is done, the market can recover. The next two weeks are critical. If the blood-letting doesn't stop soon, we're headed to the next level down!
Watch my latest video update on the DOW here;
http://www.dailyforexcharts.com/charts/080627_DOW/080627_DOW.html