Stock Market Analysis – 01-21-2010
January 22, 2010 at 12:17 am · Filed Under Broader Market
Was that the break we wanted? It’s a good start, but not really a solid down trend yet. The size and volume of the move present an opening if you want to get aggressive, but position traders can probably wait for more confirmation. Dropping just on the threat of increased banking regulations doesn’t seem like a great reason for such a big sell-off, but then again, it’s not like we rose on solid reasons either.
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