Thursday, January 24, 2008

Near-Term Bottom Seems To Be In Place

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.A wild trading session kept both the bulls and bears on their toes yesterday, but stocks finally closed with a solid round of gains. The major indices gapped several percent lower on the open, attempted to recover in the first hour, then dipped to new intraday lows by mid-day. Buyers subsequently arrived in full force several hours later, reversing staggering losses in many sectors. Whipping around in a breathtaking 600-point intraday range, the Dow Jones Indus[...]

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[Source: The Money Blogs]

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