Thursday, February 26, 2009

Should be down tomorrow...

Target for the next two days is 72-73 area followed by a bounce back up to the 78-79 area...then a final plunge down to 63-64 area.

Then it gets interesting. Keep track of the following to see if we make the bottom or not:

p.s. Didn't you like how absolutely HORRID the jobless claims numbers, durable goods orders and new home sales were and the market still rallied in the morning? I don't think those bulls were too happy. But did kick off triggers I had for more puts!