9:30 PM
The market was choppy. The world market plunged, and Bear Sterns was marketed at $2. But the US market pre-market went down 200 and at close, the Dow was up 20 pts, Naz down 35, and SP down 11 pts. The PPT at work is very clear. Intraday, DJ Wilshire 5000, Naz and SP made new low.
To me, the bottom is no there yet. Tomorrow, there will be Fed decision. Add short positions on any bounce.
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