Well seem like the rate cuts yesterday didn't have a push for the bulls. The futures are currently down 200 points before the open and numbers out that consumer spending is at a 15 month low. I will be buying this gap down for at least a bounce and see what pans out. As said before we are 100% definitely in a bear market and as can be seen in yesterday's action all upside moves are being sold into.
Don't let your 401K turn into a 201 K. play the short side or stay in cash.
Thursday, January 31, 2008
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