Noon update:
The selling takes on speed with NDX, pushing NQ down to confluence weekly S2 and daily S1 (1825/1828). Given that ADVDEC lines on the Nasdaq are only down -131, it seems more like a final stop run then the beginning of something much more serious. Bulls better hope we get a bounce down here or some panic could set in. ES tagged 1265.50, right above its weekly S1. TNX is at 3.7%.
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on Wednesday, September 03, 2008 at 9/03/2008 12:05:00 PM.
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