Stock Market Analysis – 01-22-2010
January 23, 2010 at 3:40 pm · Filed Under Broader Market
That sure was a big move for a short week. You can expect the markets to be jumpy whenever there’s uncertainty, so the current up in the air status of Bernanke was an easy catalyst for a much needed correction. Now the question is, how far will it go? We’re already at November/December’s consolidation support, and the last correction bottomed out around $1025. If it gets below that we’re looking at an actual market downturn, but until that happens I would look at this as a healthy move.
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