Tuesday, December 23, 2008

R.C. Market Report 12.23

  • Tomorrow's Forecast: Christmas Eve Rally
  • Today: Another low volume down day. Market seems to favor sliding down during these low volume days. Today's close puts us below the support line. Confirmation is needed.
  • Tomorrow: We can easily reproduce another low volume down day tomorrow. Looks to me like that's how it's going to be until Jan 1. However, we have gone down 5 consecutive days now on declining volume. And psychologically, people may want to go home for christmas on a good note, even if it's only a small gain. So I think we'll finish positive tomorrow. It won't mean much going forward but we can use a little break from all the negativities.

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