Dow closed below 11,000 ...a major reversal of fortunes .......
Today after a long long time I see new 52 week low hitting 1154 on NYSE and 527 in NASDAQ...NYSE low is an EXTREME bearish condition......
If we believe all the technicians then there is prediction of MORE downward pressure to come....
Technicians are predicting 5 to 10% rally from here ....then back to new LOWS......
If I have to interpret "technicians speak"...they are suggesting a low of below 10,000.......
Only time will tell.......
In my portfolio :
AAPL rating 30/70 target $187.77
SOL rating 85/95 target $18.94
HOD.TO No TA.....NYMEX Crude made a triple top today......Fundamentals for Crude is NOT looking good with worldwide economic slowdown.......
Among strong stocks were BRCM,DUG,SGP,PMCS,SPWR,NMX,GRMN,
AMZN,LDK.....
AH INTC ER was OK.....
BLOG does NOT give buy or sell.
Saleem
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