The First Vcitim of High Oil Price :D .
GM bankruptcy: End of an era
After years of losses, the troubled automaker is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs.
http://money.cnn.com/2009/06/01/news/companies/gm_bankruptcy/index.htm...
Landis nails the Low at 887 :cool: .
Symbol Last Change % Change High Low Volume Time
DJIA 8,413.52 +113.50 1.37 8,434.62 8,246.58 214,371,457 3:42 PM
NASDAQ 1,751.76 +20.68 1.19 1,754.90 1,714.48 1,828,494,255 3:42 PM...
Wave 1) moved UP from 666.79 on March 9, 2009 to 929.58 on May 7, 2009,
a 263 points UP MOVE in 8 weeks :) .
I thought there should be 23.6% - 38.2% correction in 23.6% - 50% time,
i.e., 60-100 points correction in 2 - 4 weeks :D .
The Market actually corrected 50 points in 2 weeks :cool...