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Market resistence fails?
Message
From
18/09/2008 01:23:32
 
 
General information
Forum:
Finances
Category:
Stock markets
Miscellaneous
Thread ID:
01348415
Message ID:
01348471
Views:
16
>Dow under $11k
>Nasdaq under $2200
>S&P under $1200
>
>Tuesday's up day looks like a dead cat bounce. Waiting for confirmation. DOW confirmation below 11k is very bad. Next up minor resistance at 10.8 and 10.2 then 10k and if that doesn't hold...
>
>There's an awful lot of panic selling going on...

Yes

over here the FTSE 100 closed under 5000 yesterday. HBOS and Lloyds TSB have merged and there seems to be plenty of banking problems still to come. Some commentators wonder of the merger of Lloyds and HBOS will pull Lloyds TSB under instead of rescuing HBOS.
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