Tomorrow is the last day of the month but I must caution those who want to short this so quickly. The first 3 days of April are usually positive and I would not be surprise to see us gap down and then turn around tomorrow. The market is in NO MAN'S LAND still and that's why I am not going to make any big bets till this consolidation tips its hand.
A little patience will help here. Don't worry the market will tip its hand very very soon as earnings is in two weeks.
On a side note this week is the decision on mark to market accounting and I am of the view the financials if they get a bump after the decision they will sell off HARD.
Also George Soros, noted today that the upcoming G-20 meeting is the single most important event for the world markets. He proclaimed that if the G-20 leaders are not all on the same board we will end the crisis in depression mode. I hope for all our sakes they will act for the benefit of the world and not their countries self interest.
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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