Tuesday, January 20, 2009

Markets

Just an update and my opinion...'We're going lower in the markets'
I think we'll be testing the lows from November 20-21, 2008. We just creeped under the recent support of 815 on the S&P500 and we'll have to see where we open and where we finish for tomorrow...But I wouldn't be surprised to see us go lower...The good news (or counter argument) is that our Stochastics Indicator is telling us is that this recent run lower, that started on the Jan. 6th, 2009, looks to be out of breath and could stop and reverse back up...

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