FB, daily
NFLX, daily
Summary
They all broke this morning, when the sp' failed to hold the 1670 level.
The daily charts for all of them..bode for further declines tomorrow.
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As for the main market. well, it'd seem we'll be trading consistantly in the 1650/40s tomorrow, that should be enough to kick the VIX to the 23s - the Dec' 2012 spike high.
Q. How much of a market upset do the political maniacs need to motivate them to reach an agreement?
5% ? 10% ? Although I realise many will be seeking 15/20% 'briefly' within the near term.
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2.10pm.. 89pts until the Dow takes out the big 200 day MA...
..considering its only Tuesday, and those political maniacs look unlikely to do anything until the tail of next week..serious technical damage looks likely.
2.32pm.. King O' not exactly inspiring the US markets, same old political-speak.