Wednesday, December 31, 2008

Wow its been choppy...

Jobless claims better than expected...but who fires people Christmas week?
Any way expect the number to be pretty bad the first week or second week of Jan when all those people that got let go at year end report.

Short term...looks like a rising wedge (bearish) to me...The Bear Pennant from sunday looked like it failed...but we have another chance here.