Saturday, November 28, 2009

POPS OR DROPS?

Friday's shortened session brought in another 90% down volume day, but OTHER measures of selling were less impressive and IMHO we still don't have proof that A TOP is in.

How will market react next week will help determine short term, as Dubai is dealt with and we get reactions to Black FRI shopping. Initial reports seem to imply hey what was all the worry about?

But to draw in shoppers low or no profit door busters were used, how couldn't shoppers be more cautious? ANY comparisons will be to a WEAK 2008.

Is there any sign yet the liquidity flow that has moved markets since March has ended? Might hedge funds want to BOOK PROFITS?

When SERIOUS technical damage is done to markets then let's begin looking for that TOP

D

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