Posted 03 March 2009 - 05:11 PM
hi mss,
Yes there will be bounces and some will be very nice. SPX 803 will be a target price extremely hard to cross to the upside then 850
I guess it all depends on the coming low to determine how good this bounce will be. Everybody knows it is coming. Do you see a psychological problem with that?
What sectors etc. are you focusing on to trade if you intend to? I'm watching XLF and crude/energy closely.
Rumour mill is GE is toast.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
