The Bonddad Blog
Still nerdy after all these years
Wednesday, September 30, 2009
A.) The market sold-off on strong volume at the beginning of the day. Note the long bards and the high volume.
B.) After rising for most of the day, prices again broke lower on higher volume.
C.) Prices found support at the 61.8% Fibonacci level and rose into the end of trading.
A.) Prices are edging as close as possible to the upward sloping trend line. Friday's jobs report is looming large at this point.