On December 16th we fell to 15,608,. That was the Dow futures low for 2 months. We rallied 16,540…. That’s 932 point swing in 11 trading days. But we swung higher.
But drop 361 pts to today’s low and suddenly people re-act as if the 4 horse men just rode across the horizon.
This is a 38% pull back. 16,075 is half way back and would be a good place to buy it on a spec.
If that doesn’t hold, next stop is 16,000.
I like buying a break here. Nothing’s fundamentally changed. This is all movement on Fed Easing speculation.
Buy with protective sell stops and hang on.
CER