Wednesday, December 3, 2008

Scenarios

The DJIA, SP500 and NQ100 have settled into a pre-Friday unemployment data ranges. Bears look to assault the lows of the 24th before the jobs number and then crash into new lows to end the week's trading. Bulls hope to reject the lower ranges and climb above last week's highs to put an end to this bear market. With the volatility of these past few month, the indexes may make each scenario look believable at some point interday before they reverse.