Saturday, January 31, 2009

R.C. Market Report 1.30

  • Today: Market performed poorly once again. Seeing the market dip lower in the final hour surprised me as I had expected the market to hold up in the second half of day.
  • Monday: We closed right on 8000 on Dow. My stance remains neutral but seeing the previous multi-day rally disappear in a flash, I can't help but be pessimistic. Today marks the third month that the market has traded inside the sidetrending range. And still, we've yet to see a rally on increasing volume. Looks like we've got long ways to go.

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