1.20.2009

MIDDAY DRIP


A new time but seems like the same old market as the financials continue to head straight down with the BKX at the new low of 27.45 lower by 13% on the day.


NYSE- 2100 net losers;

NAZ- 1630 net losers;

NDX- 6 GREEN;

OEX 18 GREEN;


VIX- down 13% at 52.1;


Down volume 7X the up;


Hopefully Obama manages to a little more for the investor than the last guy.


Probably not much lower or higher the rest of the day as the damage seems done - and the market is even more over sold.


Tomorrow - possibly Turnaround Tuesday as we get near the old support at DJIA 8K .

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