DOW busted below its 50 dma – 16,144.
Last time if came close to the 50dma was Dec 12 2013. Last time it dropped below the 50dma was Sept 26 2013.
Last time it tested the 200dma was Oct 8 2013 Last time it dropped below the 200dma was June and November 2012.
Current 200 dma is 15,433; 100 mda is 15,743
Will it find support or is this the correction the bears have been waiting for, for 2+years?
The sky is falling!!
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Luckily, I changed my mind and sold my TSLA, SAVE, SYNA holdings, UNP is holding it's weight nicely. But few of my other picks are down 5%+Originally posted by mrmarket View PostWho's very afraid?
. If the Market bounces I will head for the exit, else I am stuck holding few heavy weight bags.
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