Markets start out the year 2008 with nasty sell-off as oil hits new high and on weak manufacturing report. However, Qs bounced off from the symmetrical triangle TL and intraday is oversold. So, let's see whether market will find support tomorrow, at least, for a relief rally since markets were selling off for the last 4 trading days.
Also, note the Qs formation during the last three bounce off formation from the support. Intraday is oversold and we will likely see a bounce tomorrow and bull/bear will have another day. Markets are still trading in the triangle formation; therefore, a breakout from the formation will be watched.
Good luck
Note) The previous post regarding Bernanke was impersonation which is almost criminal.
I hope that it is stopped since some will be fooled by the impersonation.
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