$BIX closed up 10.73% to close at 54.89.
We'll have to see if there's any follow through tomorrow or if this was just a one day pause before collapsing again.
Bank Index Daily Chart:
Monday, March 9, 2009
Bank Index: Sympathy Bounce at the 423.6%
The Bank Index had a great day today while everything else fell apart. It may of had something to do with taking a pause at the 423.6% fib level after traveling 17 months and 281 points (85% from the 327 support) to get there.
$BIX closed up 10.73% to close at 54.89.
We'll have to see if there's any follow through tomorrow or if this was just a one day pause before collapsing again.
Bank Index Daily Chart:
$BIX closed up 10.73% to close at 54.89.
We'll have to see if there's any follow through tomorrow or if this was just a one day pause before collapsing again.
Bank Index Daily Chart:
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