Bottom or no bottom, That is the question.
By Brett Goldstein on Mar 24, 2008
Bottom or no bottom, that is the question. As you well now I have not been making post that often because I did not have a good take on this market. I think the bottom may have been seen but we have alot of resistance at the 12750 level. If we cant break it then I see more sideways trading for another few months. The dow is up over 200pts today and I believe the next down day should be taken as an opportunity to take some positions in stocks.
This entry was posted on Monday, March 24th, 2008 at 9:06 am and is filed under Annotated Analysis.
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agreed, i think this latest rally is fishy. there really isn’t much fundamental news to justify this kind of a rally.