Wild Day on Wall Street
Was that not a crazy day of trading?
We fluctuated all day -- plus to minus and back again -- before finishing with quite the flourish:
>
DJIA Intra-day August 1, 2007
>>
The only notable thing I saw was that we traded down to the S&P500 Cash Futures 200 day moving average, befire snapping back the last 20 minutes.
With the Dow up 154, the Advance Decline was a surprising 1377/1926 in favor of decliners.
We also got mildly oversold, based on the % of stocks trading over their 200 day moving average, and more moderately oversold according to the equity index put/call ratio. . .
Wednesday, August 01, 2007 | 10:02 PM | Permalink
| Comments (18)
| TrackBack (0)
add to de.li.cious | 
digg this! | 
add to technorati | 
email this post
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e39820ccdd8833
Listed below are links to weblogs that reference Wild Day on Wall Street:
Comments
Futures premarket touched -160 (FV -11). Market finished +48. DJIA being cap weighted and shorts at/near all time highs somebody used cubic money and squeezed the prescient but underfunded. Friday employment and they are set to get their cash back out before the rush for the exits.
Posted by: Rob Dawg | Aug 1, 2007 10:50:42 PM
The comments to this entry are closed.
