500 Trades to 8,000!

It seems that the Dow was a lot closer to our predicted 8,000 than anyone thought. Were it not for that “great” bailout news by the Fed on Thursday, prices could have easily sliced through 500 thin layers of support. Unfortunately, if you ask me I think that the risk remains and the fact that many suspect that the danger has passed makes it all that important to pay attention to.

Needless to say, I remain short.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: