After a quick drop at the opening, today's decline was neat and orderly. This is probably the beginning of the next down phase I mentioned on Thursday. The wave action appears to be at quite a small level of trend.
It was a consistent down day, with all the major indexes dropping - even oil and precious metals - and a decline in all 30 DJI stocks. In fact, the blue chips got hit harder than the more speculative issues.
DJI -2.13%
SPX -1.94%
NDX -1.58%
Note that I've added an interactive chart widget at the top of the page, courtesy of freestockcharts.com. Play around with it a little bit. It's quite versatile.
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