VOLUME yesterday was not enough to say this decline is over.
BEWARE the continuing fall in stock prices.
DO NOT add new money to the stock market.
STAND BY for continuing updates.
Tuesday, March 06, 2007
Monday, March 05, 2007
STOCK MARKET WARNING - HURRICANE
Stocks made new lows, and closed at the low.
If volume was light, this could mean a prolonged correction.
The Fed has a habit of doing this.
KEEP YOUR POWDER DRY.
Fed funds will yield a riskless 5.25%. Take it
With today's price action, the technical traders will be licking their lips and fighting for a place in the pit to see this market and sell it if it goes south.
If we continue down for many more days, we will be below the large volume days of the last week in February, and that will become resistance.
The Techs will attack the NYA every time it pokes into resistance.
That will make it harder to bounce back.
Summary
We are still in a bull market, don't worry, but this could get ugly.
If volume was light, this could mean a prolonged correction.
The Fed has a habit of doing this.
KEEP YOUR POWDER DRY.
Fed funds will yield a riskless 5.25%. Take it
With today's price action, the technical traders will be licking their lips and fighting for a place in the pit to see this market and sell it if it goes south.
If we continue down for many more days, we will be below the large volume days of the last week in February, and that will become resistance.
The Techs will attack the NYA every time it pokes into resistance.
That will make it harder to bounce back.
Summary
We are still in a bull market, don't worry, but this could get ugly.
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