Wow! The Dow overnight is Dow 170 points! That a big drop! Could this the be beginning of a much-needed correction? Note on this chart of the S&P 500 futures, that we have broken out below the bottom Bollinger Band that has held throughout the month of August! Cahen says this pattern has an 86% probability of continuing in the direction of the breakout.
Monday, August 17, 2009
Stock Market Downside Breakout?
