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Too early to accurately say

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Not applicable
but DOW is down quite hard as at 18h00 (12pm US time) at 9875 (98 point down)...so will we see a lower low there? Question though anyone know what is driving the downward pressure? Company results out quite good and even revenue up (profit down 30% but above expectation) for Verizon. I thought it was a good outlook. COuld be Capmark (commercial real estate lender) filing for bankrupcy protection. COuld the commercial mortgage woes be comming home to roost?
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2 REPLIES 2
Ninja
Super Contributor
Oil is tanking bringing markets with it....have just banked 100 points on Dow on the way down in 10 mins......I think we may see more downside tonight although hard to call further out. If you are trading the Dow use the 5 min chart and limit risk with a few scalps on offer.
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Ninja
Super Contributor
Oil is tanking bringing markets with it....have just banked 100 points on Dow on the way down in 10 mins......I think we may see more downside tonight although hard to call further out. If you are trading the Dow use the 5 min chart and limit risk with a few scalps on offer.
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