As mentioned in last nights post, the market could sell-off once the details of the governments $700 billion banking bailout is revealed. Once traders had a chance to digest the news, they decided it wasn’t good news afterall. In response, the market sold off, with the indexes closing down over 3%. The volatility is just […]
What a volatile week of trading it was. It would have seemed crazy on Wednesday or Thursday morning consider that the major indexes could close the week with only a small loss, but that’s exactly what happened. The tail on this weekly chart of the Dow, along with the massive volume, reveals that it was […]
It looked like more blood in the markets today, until news of a government entity to be formed that would take on banking debts. This news sent stocks soaring on massive volume. The three major indexes pretty much made up for their huge losses yesterday. Notice the tail, much like a bottoming tail that was […]
