Friday, November 14, 2008

R.C. Market Report 11.14

  • Monday's Forecast: Whichever Way The Wind Blows
  • We made big moves intraday in both directions. All in all, we seemed to have shaped out a range with top level being yesterday's close and the low level being today's intraday low. The final hour selloff ended at this low level. Whether the bottom falls out or not will be answered monday morning. The volume behind today's midday rally was unconvincing compared to yesterday's and its weakness was exploited as soon as Erin came off line.
  • Monday: I stand neutral heading into next week. I'll remain open to starting a new position in either direction, whichever dominates first come Monday.

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