Thursday, May 6, 2010

The Dow touched capiulation point at 10,000

The Dow will eventually fall through the 10,000 'psycho' support and will capitulate thereafter. The warning 'shots' was the massive sell (a near 1000 point drop - 6/5/2010) via a Wall Street error, which was a miscalculated trade with a sale of Procter & Gamble stock.

But even with that error aside the CDS, funding/EU contagion will continue to cause selling on global indices.

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