Think you'd hit Rockbottom?
Dow Jones has finally hit a new low of lower than 7,000 points today - it broke that 7,000 barrier, ops.
Why's it important? Because 7,000 is a supporting level at it's current state, also representing a whooping 50% discount from it's high of just under 14,000 points.
It's the reverse concept of pricing your goods at $10.99 versus $9.99 versus $8.99. You'll find a huge volume pick up if you drop the price from $10.99 to $9.99, but less and less so as you drop it towards $8.99... and beyond... until people believe it's another rockbottom bargain, yet again.
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