Stock Market Analysis – 10-14-2008

October 14, 2008 at 10:36 pm · Filed Under Broader Market 

SPY Daily Chart (10/14/2008)

The market opened higher, continuing the surge from yesterday, but tuckered out early on and went downhill from there.  As expected, the gap up to 110 wasn’t filled and I would be surprised if it did fill anytime in the near future.  Expect the volatility to continue, aka trader heaven, and while we’ll have some more huge up days, expect even more huge down days before we’re done.

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