- Tomorrow's Forecast: Go Home Happy
- We've managed to stay slightly above the important resistance/support level. It was an impressive hold of gains from past two days. However, volume was even lower than yesterday's. Low volume is still a cause for concern.
- Tomorrow: Historically, the day before Thanksgiving is bullish. So it's possible that we stretch this out to 4 straight up days. But with big buyers still on the sidelines, will people take profit heading into the holiday? I'd expect profit taking to occur at some point in the day and the magnitude of that decline could be a clue as to whether we've turned around the corner or not.
Savy, young traders putting everything on the line for a piece of the big pie...
Tuesday, November 25, 2008
R.C. Market Report 11.25
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