10/8/08
Dow closed down 189 points and it is the sixth down day in a row. I remembered the longest losing days for major indices are 9 days during the bear market run from year 2000-2002. Now, the investors has totally lost confidence at all to whatever our US government, Federal Bank, and Treasury do. Nothing could stop the market free fall. All support below current levels are just guesswork. We have to see one big gain day to stop this mud(mad) slide. Needless to say, let the market itself find its equilibrium. Even, all technical data suggest the market is deeply oversold but it does not make a buy suggestion. This is far worse drop ever since the market crash 1987 & Great depression 1929. Now, bear market is built in fear. As fear growth unstoppable, there is no bottom you could see. Well, it will stop somewhere when there is no more sellers. Tomorrow, the short-sell rule ban has ended and let see how market react then.
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