Monday, November 10, 2008

R.C. Market Report 11.10

  • Market Trend: Neutral
  • Market had a chance to turn me into a bull with the morning gap up but failed miserably. We are still without large buying volume, and I am becoming more and more convinced that we are going to retest the low. Evenif we are to rally from here for the next couple of days, I wouldn't buy and hold any longs. Tomorrow is a holiday for banks, so trading volume should be light once again. I would prefer that we make our decline down to the lows on these light volume days.

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