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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (45041)	10/8/2008 8:12:50 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70981

Dow 9,258.10 -189.01 -2.00% Nasdaq 1,740.33 -14.55 -0.83% S&P 500 984.94 -11.29 -1.13% 30-yr Bond 4.0630% +0.0360 NYSE Volume 8,926,926,000 Nasdaq Volume 3,567,544,500 [Volume wise we were pretty close to a tradable bottom. Does anyone have historical data? I don't think we have ever had a 10 billion share day on the NYSE, but that might be what it takes to confirm a tradable bottom.] Edit: Not yet. We had 9.4 billion on September 17. We need that at least and maybe a bit more to confirm a bottom for me. We are close though. Remember it is only a tradable bottom. This kind of damage takes months to repair and it will be a slow rise. Financial lead this sell off down, it will be the last to recover. I am not sure what sectors broke down last, they will rally last. It may have been commodities stocks.