Day: October 8, 2008

Quick Market Update – Interesting Stuff Today

As shown on the chart above (NASDAQ 100 ETF: QQQQ), today’s pre-market coordinated rate cut failed to spark an opening rally, although something did develop midday, then failed and closed near the low of the day and below yesterday’s close.

The pattern you see over today and yesterday is called a possible gravestone doji. I say “possible” because…