Tuesday, October 28, 2008

MS



very impressive action today....it dropped from the open..down some 25%..then rallied back in heavy volume and up more than 10% to the close...

the 3 spikes all had huge up volume...not sure how that will affect the bottoming process in this crazy market..but buyers are definitely coming in in huge #'s...if it can rally upon this low it will make a higher low...would be good for the buyers if it can take out the 20ish level