Online Stock Trading | Panic room?

Panic room?


Filed Under Market Commentary | Leave a Comment

Credit worries continue to weigh on traders.  The game of emotion will never end in the market.  Too many have forgotten what 2/27 gave us.  It allowed the market to move to new highs, even the Dow to all-time highs.  What today gave us was another shot at new highs but, before anyone jumps in this market feet first.  We’ll need some buying opportunities to arise and for this general market trend to reverse the short-term down trend. 

Let’s see if we can rebound from today’s action, volume more than likely will not increase on an upswing.  If the market continues lower on increase trade we will more than likely see the 200dma on the indicies.

Market Speculator

Last 5 posts in Market Commentary

Share and Enjoy:
  • Digg
  • del.icio.us
  • Netvouz
  • description
  • ThisNext
  • MisterWong
  • Wists
  • Bumpzee
  • StumbleUpon

Comments

Leave a Reply