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The stock market volatility in the last two weeks has been mainly due to worries over debt defaults in the US and Europe. Last week our stock market followed the US market in falling over 10 percent in one week over worries about the US debt ceiling and the downgrade of their AAA rating by [...]
Last night’s 500 point drop in the DOW brings back memories of 2008. Prices slicing decisively through the 200 day MA of the SPX on Tuesday, Aug 2 already sent shivers down the spine of technical analysts everywhere. Yesterday’s 60 point plunge confirmed a break of the 27 month uptrend line and neckline of the [...]