Wednesday, November 4, 2009

Some thought on market Nov/2009

There is so much damage has been done to market in a very short time that I don't think it's wise to jump back before S&P500 gets above 1066-1070. the support line that I mentioned in my previous post (1034) has held but I think we are going to finish this week in red. On the other hand due to over sold condition big short squeeze is not out of picture.