With futures pointing up, you can take a quick breath for relief, but we’re not out of the woods yet, most likely.
As Doug Short notes, this is the market’s third real swoon since the rally began last march, and each time we’ve rebounded right around the 50-day moving average line. Pay close attention.
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See Also:
- Stocks Tank Around The World, But US Rallies After Dodging The Bernanke Bullet
- Dow Ends Down 220, Largest Three Day Drop Since March ’09
- The End Game: This Time Isn’t Different