Market Commentary: Bad News As Markets Close Below Major supports
Here is an excellent article summarizing stock market conditions and indicators. Gary believes we will get a bounce off the bottom sometime, and he suggested that the 50 day line crossing over the 100 day line could be the turning point to the upside. Another important indicator is that $NYMO is at -61, and the stock market has a very good chance for reversal when the NYSE McClellan Oscillator is this low. You may want to sell any long rallies, though.
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