Tuesday, July 24, 2007

Tuesdays

Tuesdays seem to be a bit hard on these markets. February 27th and March 13th fell on such a day of the week. Here the market is somewhat vulnerable to 'wackage' since it comes after a session which appeared to put a bid in the market. Traders can sense weak legs when taking out the previous days lows and will push the downside to see if there are stop loss points. If this market decides the credit problems will exceed any glee from earnings , then the bears will begin to recapture some listeners.