Tuesday, March 11, 2008

Bottom Fishing

Markets continue to over-extend themselves on the downside as some sort of bottom is being fished out. News continues to be bearish with all sorts of content being published which addresses the derivative dangers and the threat they collectively pose to the economies of the world. Hell, the dollar bill is a derivative. Regardless, the price action will build into a some form of bottom either with high volume exhaustion or short covering structure which will disappoint those looking for the hard down completion.