Friday, October 24, 2008

October 25, 2008

Summary:

AEX Index245,92-4,63%S&P 500 Index876,77-3,45%
Dow Jones Indus. Avg.8378,95-3,59%Nasdaq Composite1552,03-3,23%

here are the movers of today:

  1. DXD
  2. SDK
  3. SDS
  4. PSQ
  5. FXY
  6. LPHI
  7. EEV

It is remarkable day. Only one stock has held out LPHI. rest are just ultrashort. This is the first time this has happened since the time this blog has started. Is this the sign of extreme negativity, which might indicate that we are close to a recovery (which will probably be a relief rally). Another 10-15% downside at max and then a strong recovery is expected.

But still the stocks which have been mentioned in this blog have held out very strong above the 50DMA and 200DMA. Especially the biotech companies and scientific and technology sector.

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