Monday, August 23, 2010

Tomorrow's housing report will move markets!


Unfortunately for those who are still holding stocks, the market will not like the news concerning house sales. It is expected to be bad news and the markets may go down. Today, the markets declined rapidly during the last hour. Check the Dow index, it closed around 10150, which is about 100 points lower than when we last looked at the chart. The support for the dow index is around 9650 which is 400 points lower. The stock markets all over the world, including Europe and Asia should continue to go lower.

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