Percent Declines For The Major Averages From Their 2015 Record High To Monday's Low
These are the percent changes from the 2015 record highs to Monday’s low. Remember we are very oversold and way overdue to bounce…
These are the percent changes from the 2015 record highs to Monday’s low. Remember we are very oversold and way overdue to bounce…
The Dow Jones Industrial Average & The Benchmark S&P 500 index and Nasdaq composite (not shown) are currently retesting their 2010 lows. As long as these lows hold, the current trading range remains intact. However, if the lows are breached, odds favor lower prices will follow. In addition, it is important to note that their 50 DMA lines are about to undercut their longer term 200 DMA lines which, as we now know, is not a “healthy” sign. It is also worrisome to see that other capital markets have hit new 2010 lows which suggests the bears are getting stronger (i.e. EUR/GBP, EUR/JPY, and EUR/CHF are already at fresh 2010 lows).
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Emerging from a lengthy prison stint, Gordon Gekko finds himself on the outside of a world he once dominated. Looking to repair his damaged relationship with his daughter, Gekko forms an alliance with her fiancé Jacob (Shia LaBeouf), and Jacob begins to see him as a father figure. But Jacob learns the hard way that Gekko – still a master manipulator and player – is after something very different from redemption.
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