AckermanTrue, fear and greed are very powerful. In this case, greed is not in the picture. Maybe at 100.00 but not here. I left my , extra shares, order in at 39.99 and got hit near the close, but I noticed several thousand sitting at 39.95. Fully expected some of those to also get hit. Here we are back at an even 40.00 . The index is holding 105 and oct 26 level.
The dow still holding well but the tax is a bit of a worry at 13,500. I know pm's and energy is a factor there but a 4000 pt spread between the indexes is a cause for concern. Just my thoughts, but I doubt they want to stray too far from this 40 level, knowing what is expected. Until then, I am trying to digest any fear.
Another red red weekly candle with a close at the low. Seems sellers are not afraid of what Monday will bring. Mentioned the crosses today. 42 and 41.60. 43.77 yesterday.