DO NOT PANIC: When The #StockMarket Goes Down Below 20,000 Remain Calm - Everything Is Going To Be Reset & There Will Be Volatility - Short Term Disruption Will Eventually Lead To Long Term Stability - We Have One Of The Greatest Minds In American History In The Captain's Chair— Enthéos (@EntheosShines) March 22, 2018
The DOW keeps hovering around 20K but has not dropped below for a close. Timing is everything?
much of modern day market activity is driven by programmed trading - these are sensitive to certain benchmarks such as rolling day averages over periods of times which serve as levels of support or resistance. So when things break a level they plunge to the next until everything shakes out and a new bottom is established.
Yes I remember that one.