Markets today
Today's market action qualifies easily as very ugly.
A resumption of the woes and concerns in the finance sectors of the equities markets have caused a bout of uninhibited sellling; seemingly no stock, group, or sector is a safe haven. With ~75 minutes to go before the close, the markets could plummet for an especially ugly daily decline.
Intra-day patterns show a slackening of the selling pressure, though, which means the possibility exists, however scant, for a late-day and week-ending price rally from the lows. For such a rally to occur, prices must hook up -- right here, right now.
We shall know soon enough what changes the final 75 minutes bring.
-- David M Gordon / The Deipnosophist
A resumption of the woes and concerns in the finance sectors of the equities markets have caused a bout of uninhibited sellling; seemingly no stock, group, or sector is a safe haven. With ~75 minutes to go before the close, the markets could plummet for an especially ugly daily decline.
Intra-day patterns show a slackening of the selling pressure, though, which means the possibility exists, however scant, for a late-day and week-ending price rally from the lows. For such a rally to occur, prices must hook up -- right here, right now.
We shall know soon enough what changes the final 75 minutes bring.
-- David M Gordon / The Deipnosophist
Labels: Market analyses
posted by David M Gordon | 11:45 AM
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