Wednesday, February 11, 2009

R.C. Market Report 2.11

  • Today: A pause day after yesterday's drop. Market managed to post a gain but the close under 8000 for second day in a row on the Dow may be significant.
  • Tomorrow: The market sentiment seems to be to sell the rallies once again. In the near term, I'd favor the downside and if we continue to rally tomorrow, I'd be very suspicious of it. It's looking more and more like 7500 Dow and 750 S&P needs to be revisited.

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