Tuesday, September 7, 2010

DJIA
open 10,446.80
close 10,340.69 down 107.24
day high 10,446.80
day low 10,332.40
today's volume 149,035,913
3mo avg. daily volume 201,972,683
DJTA
open4,386.84
close 4,341.42 down 45.98
day high 4,390.02
day low 4,311.34
today's volume 13,697,980
3mo avg. daily volume 18,680,682

No volume... no interest, no substantial movements, or breakouts, or anything... pretty much just no anything.  Market rebounds on "better than expected('s)" on Friday, as stated unemployment numbers are excitingly at, what, 9.6%??  Of course a sell off follows this week.  I'm actually surprised it waited until today.  Can't have ugly numbers going into a holiday weekend, the Labor Day travelers won't buy that extra soda at the gas stations if their precious stocks are off 2 points.

Below a chart on the Industrials, diminishing numbers into a fairly convincing head and shoulders pattern.






Have a nice week, and hope you had a nice Labor Day.

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