Today is NOT the Day to Watch the Stock Market

Posted on September 15, 2008
Filed Under Stock Market |

This is going to be a very volatile day on Wall Street.

Unless you are a street or day trader, today is the day to concentrate on anything BUT the stock market.

At a macro level, there is some support at the 11,000 range for the DOW. The market will surely test that today. If it closes below that, the rest of this week is going to be very rocky.

But, if it closes above the support level near 11,000 the rest of the week will be mostly horizontal while the street digests the events of Sunday 9/14.

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