12,040
August 28, 2007
After yesterday’s close at 11,955, the lowest since April 13th, the market dipped down further to a low of 11,852 and then recovered to close up at 12,040. There seems to be undue panic in the market at the moment and hopefully there will be some pullback soon as it is quite oversold and has been fucked out of shape. Relative to recent prices , almost every good stock seems cheap and attractive, until it falls further ! If the market continues to close below its 200 DMA, then 11,500 is plausible. It will be a rough ride for the next month.
Lower Cap : JOVC
Market Low : 11,852.66 Market High : 12,040.89
Market Close : 12,040.89 – 85.63 points up
