CHESSNOID

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Unpredictable stock market

Posted on Oct 23, 2008 by CHESSNOID in Current Events, Economy, stock market | 0 Comments


On a day to day basis, it seems impossible to determine which way the market will move.  If you are a day trader, I suspect this is your kind of market.  We opened up higher than plunged lower then skyrocketed up and plummeted back to the starting line.

The DOW started at 8,553, then literally popped up to 8,643 then reversed down to 8,408. then it zig zagged its way up to 8,795 then tumbled to 8,399.  Now that is a lot of activity in just a few hours with an overall range of 400 points or 4.5%. At this point, my guess if not today, then soon, we will test the 8,000 floor again.  The other indexes will follow respectively. I would like to embed the chart but the best I could do is paste this link

These are the current numbers:

8,478.83 -40.38 (-0.47%)
1,572.97 -42.78 (-2.65%)
884.07 -12.71 (-1.42%)

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