UPDATE: We have just took out key number I mentioned in my previous post on the Dow of 7286 (11 year low) and we are currently trading at 7210 on the Dow. We are right at the 752 number on the S&P 500 (its lowest level in nearly 12 years). Today is a very anxious day folks. The feds are not going to let the S&P fall below the 750 support level ARE THEY?. Your taxpayer money is going to be hard at work today keeping it above 750. If it falls below there could be massive capitulation. This market is turning strong sell with each passing hour! Do we firmly break through and fall off the cliff or do we see buyers come in and buy these lows this afternoon? Stay tuned!
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