Market Finishes Red From A Big Gap-Up Open: SPX, Nasdaq, RTP, X, BTU, ACI, MEE, MOS, CF, POT
Posted on September 02, 2008 at 22:06 PM EDT
The market had a “gap-up” open today as oil took a huge dive on the news that damages from Hurricane Gustav seemed to be limited. But, when SPX went above 1300, the market started to turn lower again! This weekend, in my Market Forecast, I said, “Both indices are still within their recent ranges: SPX 1260-1300; Nasdaq 2350-2450. [...]