With Darryl Guppy showing evidence that a technical chart may show that the DOW might dip to 8500, CNBC is reporting all the dumpster news again.
“Double Dip Talk Could Dominate a Light Volume Friday”
It has left out Caterpillar optimistic comments which is considered a major news as Caterpillar is one of the DOW component.
“Caterpillar CEO says no double-dip recession” by AP. http://news.yahoo.com/s/ap/20100819/ap_on_bi_ge/us_caterpillar_outlook
Market is weak once again, fear is building up as traders assess whether a double dip may happen. For now, the chances has gone up 2 fold to 20%.
Watch for a technical rebound.
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