MORNING MARKET COMMENTARYfor Monday, October 22, 2007Weak Action Marks 20-Year Anniversary of ’87 Crash - Kenneth J. Gruneisen, CANSLIM Certified, Registered Principal, Source Capital Group, Inc. (Members NASD, SIPC)The market took a beating and many of the major indices sliced below important moving averages. The latest round of earnings sparked speculation that third quarter results will be the worst in five years. Volume jumped on both major exchanges, making Friday the 4th distribution day for the Nasdaq Comp[...]
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[Source: The Money Blogs]
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