Thursday, October 16, 2008

Does it Continue?

Not sure... Indicators are strong for continued up trend. Things get fuzzy here. Here is my understanding. If the ups do continue for the next 2 days, then there will be several weeks of majority up markets. You really cannot tell at this point. This does appear as if we have reached a localized bottom. Unlike yesterday I am not as willing to say.. "The end of the fall".

Today the NYSE was up 210 points... So yesterdays pick was correct.

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