Friday, September 12, 2008

Dressing Up or Down

Indexes fighting to leave the consolidation behind after a Monday rally/reversal and a Thursday break/reversal. The fate of LEH and other financial stock concerns probably not as much of a factor in the market as the cable business shows present but traders have to deal with all the elements playing in the markets. Index prices would look much better with strong buying on the closes over several sessions, something they have been unable to do for some time.