So what I said in "End of day action on the market" before the 15:00 EDT (posted at 14:50 see the Blogger time stamp) did exactly what I proposed.
1. We found support and came back to test the 890 (893.75) right before the end of day, and then it settled down for a close of the SP 500 of 868 and a 312 point loss on the DOW.
2. We didn't BD completely since we didn't get back to the 837 LOY (low of the year), we will probably test it on Monday especially if we get some very bad geopolitical news over the weekend.
3. Today closed the book on McCain's campaign run and it is almost a guarantee that BHO and a SMDC will be elected on Nov. 4th, 2008. McCain blew it with his support of the ESA 2008.
If you would have read the blog today, and you were a trader in the ES, you could packed a ton of profit today.
Take care, folks. I will post more later about poor Senator McCain/Gov. Palin. They will be packed off to their respective corners without media fanfare in just over a week.
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