This entry was posted on Wednesday, November 28th, 2007 at 9:11 am and is filed under fun, market commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
So we have ridden down fairly far and I have noticed some of the sentiment gauges starting to lean a bit bullish which always tends to make me leery of that case. But after such a strong down thrust statistically being up versus down in the short term is the high probability play. I am curious in the the very very short term where the readers think we will finish on Friday versus yesterdays close (Tuesday). We closed at 1428.23 on the SP-500 cash index. So after the next 3 days - where do we land? Positive or Negative. And take a stab at the value if you wish too. Just leave your guesses in the comments. Feel free to leave your analysis as well. I think it may be helpful for other readers to hear comments from posters. Here are a couple charts for some perspective.
Daily Chart
Weekly Chart
Have a Great Day!
Dave Johnson
November 28th, 2007 at 9:47 pm
Mmmmmmmm. I’ll take that as a vote for up?