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Stop the Week, We Want to Get Off!
Trading Goddess — ... So we ended the day in a terrible state. The Dow was resting just 166 points over the 40% line at 8,413 and, with the other indexes already below, a test of that level is almost inevitable in the morning. Also, finishing at the 7.5% rule is another indication of follow-through the next day as was the quickly rejected bounce from 8,600 to 8,800 in the last 10 minutes of trading. The Transports are right on the 50% line at 1,565, the S&P is down 42% and needs to retake 946 just to be pathetic, the NYSE is down 44% and we may see 5,200 before they turn (the ...

Worst Week Ever Wrap-Up
Phil’s Stock World — ... we were already begging for market mercy but I finally put my foot down and laid out several plays to get into if we could hold $30 on the QQQQs, 900 on the S&P and 8,400 on the Dow. During the session the Dow fell as low as 8.000 but held it and finished at 8,451 while the S&P touched 840 at the open and climbed back to 899.22 at the close (not good enough) while ...