Friday, October 10, 2008

Nasdaq closed GREEN......

Markets had a memorable tape today......

Dow low 7882.51 closed 8451.19.....a range of 1018.77 from low to high of 8901.28......

52 week low list was absolutely horrendous ..on NYSE 2477 on NASDAQ 1651....

Historians were saying that this was the-worst week EVER.....Down 18.2% in a week....

Close was encouraging...if we get a strong market by close on Monday..then this turnaround IS confirmed........

This is no ordinary bear market.....we are witnessing a horrendous bear which followed no TECHNICALS or FUNDAMENTALS.......

By 10 AM Saturday...I will list technically WEAK/STRONG/BUY rated stocks.

BLOG does NOT give buy or sell.

Saleem

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