Thursday, February 4, 2010

shoooosh

Wow seem like I am always busy or out on the huge days. well two weeks ago I called the top one day before it happen noting all the factors were in place for this up move to end. Tomorrow I will be traveling so I wont have an eye on the market but by todays action is seems no one out there is buying and definitely getting themselves into cash.
I don't think this is the move that will take us down to 8500 area but I do think we will see lower prices here after we digest today's move.

I should be back on tuesday

Hmmmm

Well I have been on the phone all morning and travelling tomorrow depending on the weather but I really just realized what is sending the market down today. This might get ugly in a fast way. Look at Oil, wow.
Months ago I said Europe is in problems and it will come home to investors here and we are just seeing the tip of the problems I believe in Europe.