Watch for rally…
Filed Under Market Commentary |
There are far too many bears in the woods. AAIIBEAR index hit 52.71%, very high for the short term. Watch for stocks to rebound using Friday’s trade and upbeat news from retailers from this past weekend.
I was at a mall Saturday around 11am. I was able to park with ease, walk around without trouble and had a pleasant experience. This came as a surprise to me, unless everyone shops during dusk and dawn.
Market Speculator
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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