10.27.2008

THE CLOSE


Markets sell off in the final few moments and the DJIA closes down 200, NAZ -46 and the SPX 28.


Strongest sectors- telecom, semis and banks-


NYSE- 1800 net losers;

NAZ- 1600 net losers;

NDX- 20 GREEN;

OEX- 13 GREEN;


VIX- closes at 80;


Light volume yet again with down volume about 8x the up.


Anyhow, 400 point range on the DJIA and 45 on the SPX- still didn't break the SPX futures of 825 earlier this morning. It is very ugly and I refuse to call a bottom - just waiting and watching for now- did however seem like FORCED SELLING into the close.


So the prior lows, still not breached and maybe we get turnaround Tuesday tomorrow.


One of Cramer's old favorites - at an unimpressive price.


And Chuck Todd giving the election to Obama.



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