So, for those of us who just pop in and out to make an
adjustment here and there, at least on the close, today's read
would be no sign of the bounce yet, and so much for the
post-holiday historical rally so far?
But is the market not moving against oil a bad sign, or possibly
a good one for a delayed reaction close?
Opinions, guesses, probabilities anyone please? Matt, neutral or
negative?
Posted by dodgerdog on 7th of Jul 2008 at 01:33 pm
Kreem - the bears are in complete
control of the market. We could go into reasons (such as FNM and
FRE plunging) but the charts tell us what we need to know and that
is to remain defensive.
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today's read
Posted by kreem on 7th of Jul 2008 at 01:25 pm
So, for those of us who just pop in and out to make an adjustment here and there, at least on the close, today's read would be no sign of the bounce yet, and so much for the post-holiday historical rally so far?
But is the market not moving against oil a bad sign, or possibly a good one for a delayed reaction close?
Opinions, guesses, probabilities anyone please? Matt, neutral or negative?
Market
Posted by dodgerdog on 7th of Jul 2008 at 01:33 pm
Kreem - the bears are in complete control of the market. We could go into reasons (such as FNM and FRE plunging) but the charts tell us what we need to know and that is to remain defensive.