It looks like Monday was a classic bear market rally.
Tomorrow could be even worse than today.
We might even see the DOW down 1000 tomorrow.
Watch these DOW monthly low levels for a possible bounce:
9/98 7401.07 This one could be hit this week.
10/02 7197.49
Tomorrow see if the 9/01 monthly low of 8062.34 is breached, because that level was already tested last Friday.
If it breaks that level tomorrow, then, the two previously mentioned numbers will more than likely come into play.
JMHO
Puhleeze.... Read the playbook.
Tonight’s Obama debate win will just reinforce the public that Obama can be trusted with the economy better then McCain can. The polls will reflect that.
The market will then go up 500 tomorrow and 500 on Friday.