Tuesday, November 25, 2008

Bottom Hopes


Construction of the bottom continues today as back filling is the main feature. Several programs run here which indicate momentum, based on Nov 5th and continue to signal an upturn. Though they are not as strong as previous turns, they have had a move in the right direction.

The Treasury and Fed have thrown just about every conceivable trick at the market lately to help the banking and insurance industry from imploding. These creative measures need to work sooner than later.