The song “Walk like an Egyptian” became a number one hit back in 1986 (see video here)  Should investors “walk away” from stocks due to the turmoil in Egypt?


These patterns create reasons to be concerned, yet at this time (Monday morning), key support in the Nasdaq 100 and the 500 remains in place. Does one day make a trend?  NO!  If long, tight stops right below support should be in place!!!

The pre-market decline in the metals might reflect that the markets aren’t too concerned at this moment in time. I will keep posts coming due to the situation at hand. 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past