Wednesday, January 14, 2009

Weak Bounce Not Encouraging

After selling off hard on Friday and Monday the S&P put in a weak bounce on Tuesday. We've seen this pattern before and it has historically led to more selling. An updated table from the previous study is below:


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2 comments:

  1. AnonymousJanuary 14, 2009 at 9:49 AM

    Rob, anything going on with CBI?

    ReplyDelete
  2. Trader KevinJanuary 15, 2009 at 2:33 PM

    Rob, anything going on with CBI?

    Was wondering the same thing.

    When is it safe to buy Citigroup?

    :)

    ReplyDelete