Asian indexes down 5 to 7%. European indexes down even more from 5 to 8%. German Dax was down 8% today!
Oil, Gold, all commodities also down big.
Asia and Europe will have another session tonight before USA markets open tomorrow.
Looks likely that American indexes will be down between 5 to 10% tomorrow.
techisbest ... with these conditions it appears highly unlikely that DPDW will be able to weather the storm and hold 75 cents. I noticed on the daily charts that there is a 3 cent gap between .57 and .60 ... from last summer ... which has never been filled. Looks like we may fill this now in the current environment.
What does this do to your charts if it plays out? Can you see a fast bounce to $1.00 if this plays out?
Perhaps this will finally put a capitulation bottom in the markets ... and trigger a fast reaction rally.
Can you share your TA thoughts if we break .75 to the downside? What bottom can you foresee that we may be able to bounce big off of?
techisbest ... I greatly appreciate you posting here. My thanks in advance for any of your TA, thoughts and insight ... that you can share with us now.
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