UH-OH: STOCKS JUST BROKE THROUGH A BIG STRAIGHT LINE

Fans of technical analysis are really jumping all over themselves today with the latest big down move in the market.

The fact that stocks ended below 1100 is seen as a big deal (since that basically the August intraday low), and then of course there’s the trading “range” we’ve been seeing since early August that we just sliced through the bottom of.

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Photo: Stockcharts.com

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