Crash mode. Fear. No capitulation

Posted on Monday the 2nd of March 2009 at 23:37 by LtPinback

Consistent and orderly sell off from the start of the day with increasingly fear. Bulls couldn’t or wouldn’t firm up bids. Sell off accelerated after a minuscule rally failed (rally led by Financial Sector, most likely shorts taking profits). In the last half hour of trading, the S&P 500 hit an intraday low of 699.70. [...]

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