Indices closed @ lowest level in low volume.....

Dow, Nasdaq & S&P 500 made history today by closing @ the lowest point of the day including fractions, never seen this "orchestration" before, i guess black boxes can be pre-programmed to do anything.

Indices were down 2.05% to 2.43% in low volume.

S&P 500 closed @ 1161.79

RSI 36.88, Nasdaq RSI @ 35.65

Internals were as follows :

Down volume led by 25.31 to 1 in NYSE & 14.53 to 1 in Nasdaq

Declining stocks led by 7.52 to 1 in NYSE & 5.94 to 1 in Nasdaq

New 52 wk low were in the lead, 165 in NYSE & 189 in Nasdaq

VIX closed UP 6.29% @ 33.98

Oil closed @ $96.17

Gold closed @ $1695.90

We all need to believe that buying near lows can be extremely profitable. YES European debt crisis is going on much longer than expectations, but market is in the process of discounting the depth of this issue. When it has finished doing that, expect a major move UP.

When we go UP, hard to tell, but i am positioned to take advantage of that when it happens.The way it closed today, it could be the low point, only time will tell. Trust me, this has been very painful for me also, as LOGICAL approach has not worked out so far, but i am sure in the end it will.

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold down

BLOG does NOT give buy or sell.

World markets are open full day on Thursday including Canada. IF you want to check any stock which is Canadian based, all you have to do is same symbol most of the time with the .TO next to it. some exception is RIM.TO, K.TO, G.TO, OTC.TO,YRI.TO, LLL.TO rest of them same like CNQ,TLM,SU, ABX,POT,AGU.AEM......

PS......Next post on Friday after close.

HAPPY THANKSGIVING !!!!

Saleem