Tuesday, August 28, 2007

Slow Slide

Well two days and 330 points lower the market seems tired. Once again the DJI slid to close under 13162 and the other indexes SP500 and NQ lowered themselves into the support areas created starting back on August 10th. The bulls will hope tomorrow will finally bring in buyers who abide by the never buy the first rally rule. Whether or not the bulls can hold will depend on the continued wink wink nod nod from the Fed. The buyers are there, but they could just a easily decide to wait