Wednesday, August 6, 2008

Rally Close But

Nice rally yesterday in the main three indexes this blog follows DJI, SP500 and the NQ100. Almost made it into break out territory but stopped just shy enough to leave room for failure. A case can still be made for either camp although the bears have come up right to the edge of having to move their tents back a distance. A follow through 150 to 200 point rally in the DJI today would end the bears run begun in October.