Thursday, July 26, 2007

Intraday Index Charts (nasty day in the market)


Today I really wanted to see what the intra day charts looked like back in February when the market had it's largest drop of 2007. Today felt almost identical to that day and in fact the pattern was very much the same with the fastest declines occurring around 2pm EST (when margin calls begin) and the bottom being reached about 30 min later. Today became the second worst day of 2007 but markets closed much higher than the lows of the day. For future reference or whatever else you might want to use these intraday charts for, here they are. Is this the end of the 5 year bull market or just a correction? Please vote in the poll on the right!

"Dow 14,000 we hardly knew ye..."

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