The Dow now has permission to bounce after kissing the 11,000 intraday. Not sure what the rest of the day has in store, but I'm more convinced of a bounce now that it's touched the 11,000 mark and the VIX got up to 29. Additionally the SPX about to test the 1225 area which "should" also be a support area.
DOW Daily Chart: (Intraday Snapshot at 11:50am EST)
Friday, July 11, 2008
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