October 19, 2007 DAY FOUR OF THE STOCK MARKET 101 COUNTDOWN DJIA FOLLOWS THROUGH WITH SELLING ON HIGHER VOLUME RSI (14) MFI (14) IN A STEEP DOWNWARD TREND VIX ON THE RISE INDU CLOSES BELOW THE 50 DAY MOVING AVERAGE 10 DAY MOVING AVERAGE SLOPE TURNS STEEPER (NEGATIVE) The Dow Jones Industrial Average followed through on it's
movement below the 10 dma that started on Monday with more heavy selling on
higher volume today on this 20 year anniversary of the 1987 Black Monday stock
market crash. The August 2007 stock market correct found support on
the 200 dma, will the October 2007 stock market correction repeat history with
12 to 24 days of selling before finding a short term bottom or find support
again at the 200 day moving average? stay tuned.....
for chart see Stock-Market-101.com OPTIMISM INDICATOR ($BPINDU) STARTING TO FALL, BUT STILL LOTS
OF OPTIMISM BUILT INTO MARKET The bullish percent index stock market indicator is starting to
fall from it's lofty levels and the optimism starts to squeeze out from the
market. History tells us that stock markets typically experience a
correction prior to a recession. This does not mean all stock markets are
the same, however, a downward trending market is not completely unexpected given
the housing recession being experienced in the US economy. The housing
recession will likely drag the broader economy into a recession.
for chart see Stock-Market-101.com
Sample Stock Market 101 update: go to Stock-Market-101.com
the stock market crash of 1987
Stock Market 101 September 2007 issue
Stock Market 101 August 2007 issue
Stock Market 101 July 2007 issue
Stock Market 101 June 2007 issue
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