Dead cat b-b-bounceIndicative closing levels for US equity markets:
Dow -363.35 points or -3.52 per cent at 9,962.03 (vs low of 9,525.32)
S&P 500 -42.35 points or -3.85 per cent at 1,056.97 (vs low of 1,007.97)
Nasdaq -84.43 points or -4.34 per cent at 1,862.96 (vs low of 1,777.02)
on which 'Black Adder' commented:
” We’re in the stickiest situation, since Sticky the Stick Insect, got stuck on a sticky bun. “Our bounce play "First Solar Fills November '07 Gap (FSLR)":
This is tradable at $144.00 down $19.19. Low for the day was $134.50. Chart from BigCharts:...closed $15.71 to the good but is down $2.01 after hours. The solars went down first and hardest and then wouldn't retest their lows, even when the DJIA got to 800 down FSLR didn't go lower than $139.00. Chart via Yahoo Finance: