in the event 1230 is breached, S&P 1200 comes into focus.
-NT
no real surprise today. S&P breached
1230, closing @
1200anticipate a strong 'short cover' rally.
btw-congrats to everyone who heeded my warnings!
to the naysayers....."the smell of YOUR money in MY account is intoxicating."
-NT
Dow plunges 512 pointsNEW YORK (CNNMoney) --
Whoops! There goes any progress stocks made in 2011. Stocks plunged Thursday, with the Dow tumbling 512 points just before the close, as fear about the global economy spooked investors.Dow Jones industrial average (INDU) was
down 512 points, or 4%, with Alcoa (AA, Fortune 500), Caterpillar (CAT, Fortune 500) and Bank of America (BAC, Fortune 500) among the biggest drags on the blue chip index.
The S&P 500 (SPX) was down a staggering 55 points, or 4.4%.
Closing at 1200The Nasdaq (COMP) lost 123 points, or 4.6%. Closing at 2556