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S&P 500
5,495.52
(
0.45%
)
US TECH 100
18,310.00
(
-0.20%
)
Dow Jones
40,736.96
(
-0.23%
)
Brent Oil
70.53
(
1.43%
)
Bitcoin
56,708.31
(
-1.66%
)
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BuzzOnDaBeach

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BuzzOnDaBeach

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Re: None

Monday, 10/13/2008 9:24:10 PM

Monday, October 13, 2008 9:24:10 PM

Post# of 275594
Let's not get too excited yet:

Today was a bank/bond holiday.

The market had reached oversold levels literally beyond the scope of many technical indicators.

Volume today was much lower than any day last week.

This is a classic bear market "snap back" rally. I expect it to continue to about 10,000, then we'll at least go back to test the lows.

The es was a blast day. Anytime you saw a dip, you bought and held for about 20 points, lol.

Buzz
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