Markets – I walked away – Update
October 7th, 2008 | 
Man, I’ve never seen anything like this….. I just watched the debates, so depressing, is this really the best we could come up with?
As for the markets, I’m looking for support at 8600 on the DOW but I do have my doubts it will hold. I really don’t know what else to say. I’ll add more later on.
edit 230am
I’ve been watching kdenninger videos for sometime now and would like to share this video
Popularity: 13% [?]
Good call on DOW – it closed 8579.19. More pain ahead…
My original plan was to see 8600 and then a bounce of maybe 1000 points (sucker rally) She came down hung in there at 8600 and then gapped down to 8595 and shot up 200 points. It’s when they were closing down each stock in the dow, it lost 8600. I did like that volume at 8600. I’ll be watching futures tonight, if we dont bounce here ……… i dunno
(full size here http://www.thatstockguy.com/images/dow.gif )
Where the 8600 came from
(both charts are monthly)
From the bottom up
4342 720 ema
4869 610 ema
5928 445ema
6534 377 ema
7185 315 ema
7678 275 ema
8267 233 ema —yellow
Fought like hell for that 8600 several times today
(full screen http://www.thatstockguy.com/images/2day-dow.gif )
Looking at the high 8901 and todays low 7882 is a 1,019 point swing. There was that 1000 point swing, to bad that 8600 wasn’t the floor, no perfection there :( First time in history for the DOW to swing a 1000 points in a single day.