Archive for January 7, 2010
Still Going…
Jan 7th
The market is on it’s way to the stars… Yes, we should hit 100,000 Dow tomorrow! Just kidding of course. Nothing much has changed today, as we are still awaiting the job’s number tomorrow. I still believe that the market will sell off tomorrow, regardless of what the number is.
If it comes out positive, then you can expect a pop up in the morning and then a sell off later on. If it is negative, then the selling should begin right out of the gate. Either way, I believe the sell off will start tomorrow. Since it’s delayed some from my original post last Sunday, I now see us heading down to around 1103 by next Friday. Then up a little for a few days and more selling over the next couple of weeks until we hit the 1070-1080 level.
More on that once it gets started…
Red
