Is market going to bleed today?

[#1]

I think the marlet is going to tank today judging by the dow performance

[saash]

I think so

[#3]

http://uk.biz.yahoo.com/uk_trading.html shows FTSE100 heading south

[#4]

Seems when US *****s a finger, Europe slices the finger tip and Africa looses the entire front tip... But it would seem the next day or two is going to be a little more up & down than the last week or so.

[jack12]

without the usa, topi chart says difficult times till we break the 20800 resistance level

[Electrox]

An inverted hammer like that you saw on the dow last nights close. is a very powerful candle to respect :)

[#7]

Wall Street Cash Futures just closed it's gap on the 13th May.

[saash]

Electrox, what time intervals do you look at? Every time you mention candles, I just don't see them.

[Electrox]

Hi Saash.. the higher the time frame that the the candle is formed.. the more powerful it is..together with the length of the wick. But im refering to the daily inverted hammer formed yesterday on the DOW.

[jack12]

he, he, it seems the hangman is in town, it looks like the battle of the blood river all over again !!

[#11]

here the blood flows.. dnt we just love the market being overbought and then smacked down like this

[richardw]

U.S. weekly enemployment claims 631k, which is enough considering they usually revise them downwards. 4-week average up, continuing claims up. My feeling is that the story about these being a lagging indicator will move to "er...how many jobs losses does it take before it becomes a *leading* indicator"

[richardw]

I mean they usually revise them *upwards* :)

[jack12]

only if you got your 'shorts' on, my heart bleeds for those in their 'longs'