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Markets
Replies to post #80795 on Triple 000 and Sub-penny Chart Plays
Friday Update
Posted on January 8, 2016
SHORT TERM: gap up opening faded, DOW -168
The market gapped up to start the day,
hit its high a few minutes thereafter,
then headed down for the rest of the day.
This occurred despite a terrific monthly payrolls report.
Guess all news is bad news now.
By the end of the day
the market had lost about 6% for the week.
One of the largest weekly declines
of the entire bull market.
Will review the charts
and try to sort out what this week implies.
But it appears for now
the bears are in control and the bulls are on the sidelines.
Best to your weekend!
AI
