Bad day on Financial stocks, with Bear Sterns dragging the market down, and every other financial stock following the same path...Down.
Coming into the last hour of trading in the US and markets have remained below the 'Support-break', with some buying support after the FED stepped in to bail out Bear Sterns.
Obviously the bad sentiment of financial stocks will follow through early next week, and that's also the view with the breakout of the Support with the view that price is moving into a 'double-down' day into Monday.
Full Weekly Report out tomorrow.....
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