NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Following through on last Friday’s weakness, stocks gapped lower on the open, then built on their losses as the day progressed. At their afternoon lows, the major indices met or exceeded the humongous losses of September 29, but this time a bullish reversal in the final hour of trading enabled the broad market to substantially trim its decline. Roughly halving their maximum intraday losses of approximately 8%, the Dow Jones Industrial Average fell 3.6%, the S&P 500 3.9%, and[...]
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[Source: The Money Blogs]
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