Friday, November 28, 2008

R.C. Market Report 11.28

  • Monday's Forecast: Ride Til It Stops
  • Low volume half day but we are up again for the fifth time in a row now. Best weekly gain since 1933 according to CNBC.
  • Monday: People may be hesitant to enter at these levels but current holders don't seem anxious to sell either. With buying into the holiday on Wednesday and into the weekend today, rally can very well continue on Monday. I'll stick with the trend until it stops out, and I'll keep my eyes on the 50day moving average.

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