Indices are under severe selling pressure with futures down as follows :
Dow <2.10%>
S&P 500 <2.53%>
Nasdaq <2.66%>
Oil Down $3.85
Gold Down $20.30
Silver Down $1.27
Nikkei closed Down 10.55%...@ low it was Down 14%
Hang Seng Down 2.86%..@ low was Down 4.68% or 1093 points....
Based on the trading pattern in Asia, we may follow a similar pattern of Hang Seng.
Dow MAY go down 350 points or so but MAY show some recovery by close.Buyers SHOULD step in right from OPEN which MAY provide support.
Buying today or NOT selling today is HIGHLY RECOMMENDED.
Good luck on your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
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