Dow - 11
S&P + 2
Nasdaq +5
The market is holding up well in here following the negative news from AIG this morning. AIG is still down $5.75, but the Dow Average is about to turn positive.
The Dow fell to 12,069 this morning. The bottom made on January 22 was just above 12,000 (on the close). A retest would tend to reverse itself right around the 12,100 level....exactly where we turned around this morning. So....we're hoping that the retest may be over. Only time will tell. If we by chance slip below and close below 12,000...that would be very negative. If we hold above that 12,000 level, then maybe we can start to move forward. My guess is that we have bottomed.
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