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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject9/11/2001 11:03:20 PM
From: velociraptor_   of 37746
 
Nikkei and Hang Seng now solidly below 10,000. This is a 3 of 3 of 3 decline. While I knew it would happen, never in my life would I have thought it would be triggered by such a tragic event today.

Recoveries off the bottom are meager and slower compared to the rate of decline.....bear flag.

Many world markets have already begun to collapse as well and should continue to do so in the next upcoming open session. While I understand the reasons for delaying US market action, it is only delaying the inevitable and will make the next open that much worse. Many US stocks that trade overseas as well such as AOL, IBM, MSFT etc....DOW stocks and big caps, are trading way down. The US market open will see a 1000 point down day on the DOW by waiting.

de.finance.yahoo.com
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