Day 8 … result
Funny ride … we gapped up … moved away more than 100 points from the low and BEFORE the US open … travelled all back to make a new low … so far by 1(!) point
After some people with brains … yes there are still some around … recalculated the Citibank news and Goldman cut more sectors than one can usually tell off
… the market came straight back to where it came from … this implies that the bears have a firm grip on the market … remember … if we fall through 7500 … 7370 and then the 6900 / 7100 zone only supports left …
I played safety first today, selling too early and covering too early as well … but no harm … no foul … making 48 points.
Trading days - 8 … Points made 48 … Total 235.0 … Average 29.37
Roundturns - Size x 1 … Total 13 … Average 1.63
