Friday, November 14, 2008

Wow what a nightmare. The market does not have legs. All the money that causes recent rallies is obviously trading margin. They don't have the money to leave in the market overnight much less over the weekend. I'm surprised Thurdays Action made it past 4 pm. We will see next week what kind of "bottom" formation is created. Trading has been moving sideways for about a month now. If we make some new highs and hold support we could get some momentum. At least it only cost $45 bucks to fill up my SUV.

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