Friday, September 25, 2009
All Indices Confirmed Lows!; September 25, 2009
The Dow just fell to a new low on the day and confirmed the S&P and Nasdaqs new lows. This helps chop down the "bowl" bottoming formation I've been talking about, and makes the decline look much more healthy in the short term. With 5 waves down in all the major indices, a bounce is expected, but not required.