The Market Had a Day... Horrible!!!!

Hello my Investors, Traders and Readers friends. The DJ-30 below 11,000 points; 490 of the SP-500 stocks closed in negative; the gold road to US 1,900 per ounce; rising unemployment; falling economic activity; increasing the financial risk; the debt making crisis; rising inflation... what else can we ask?. In fact, yesterday the market showed again its worst face. Within everything bad that was the stock market, there are three aspects that are very disturbing to me:


1.- This large drop occurs before the market recovers to levels that could be considered strenght.
2.- In the case of DJ-30 and the Nasdaq Comp. this fall occurs just from levels of resistance.
3.- This decrease breaks a support level at each of the three major indexes.


As a result of these three factors, we see a significant deterioration of the market in technical terms. The market does not look good. There is every chance that the market fall further. If so, the following support levels would be the minimum values from July of last year. The DJ-30 in 9,750 points, the SP-500 in 1,025 points and the Nasdaq Comp. in 2,100 points. 


From my point of view, the next few days are really important to see if the market achieves the support at the minimums of last month and bounces back. Or we expect a new free fall. Good luck. Please click on the chart to enlarge.