Wednesday, January 9, 2008

No Bear Today

DJI, SP500, and NQ100 staged reasonable rallies today though it will not convince the bears that it was anything more than a pause. Lower lows across the three continue to be the norm. Market has played the last two days staging a value area only to run from it in the last twenty minutes. Look for the same chop action tomorrow.
Tags Sp500 1405 1494 NQ100 1945.5 1928.5