With BAILOUT IN PLACE EXPECT STOCKS to ATTEMPT TO RALLY, given oversold this is likely course IMHO
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- END OF DAY CHART 60M
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About Me
- Marc R
- Baltimore, Maryland, United States
- PROFILE FOR MY 1 SOURCE BLOG: We have over 30 years of experience and the best resources available to bring you unequaled value and customer service. We look forward to helping you with your next project with our "Creative Office Solutions" #2 PROFILE FOR MY MARKET "HOBBY" BLOG I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
2 comments:
I have been short this morning from 1253.25, we are selling off today so far in a big way with the XLF leading the way down.
If we consolidate at fridays closing range, and dont bounce back to the 1250's, we are going to test fridays lows in the 1230's, a complete vote of no confidence in the FED, IMO.
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