If a save is in the works, it's gonna show its hand within minutes I think. Looking at tech, we busted up out of the lows and the selling since has been weak, building a wee a-b-c, so, if a wiggle 3 (or 'b') up is in the works, it has to come soon. If on the other hand, NDX gets back down to 969 or so, it is very likely toast for the day.
Sll sorts of individual supports coming here for non-tech stocks, but so far, no buyers. Tres ugly in that part of the world. The save scenario for the Dow is living on borrowed time at this level -- sure, it could still be the 'b' down as shown, but it is pushing the limits of what the Voodoo Box will accept. |
