DislikedThis is a big deal number. It was August's low in the middle of the subprime tornado and there was a huge bounce off it back to the 13k area in just one day LOL...
12.5K actually was 10% off its previous high. Now the 10% off is 12.7K that was cracked on the way down and now it's resistance. Fat one.
Below 12.5K (happening as we speak) I don't have any calls but the big figure 12K. There were a lot of bottom fishers between 12.5K and 12.7K these days. I don't know how this is going to play out before Bernanke decides to do something.
Bernanke should have come up and cut the dreaded rates for once, you know? To quit the BS.
But NOOOOO. He manages to have all information beforehand and to compulsively stay behind of the curve here. That's my humble opinion.Ignored
Bounce off the 12.5, now back up to 12.550..........
HOLLA