Tradeable bounce coming up
#1
Posted 01 August 2007 - 08:04 AM
#2
Posted 01 August 2007 - 08:11 AM
All indicators pointing to a bounce, perhaps after a soft morning.
But even if one bought the morning, its likely that higher prices will be around not too long from here, IMO.. unless lows of futures are broke, then everyone man the lifeboats.
i would be very surprised if htis bounce lasts for weekS. A week maybe...but that would be a stretch. It's basically suggesting a V-bottom, how often do those happen?
#3
Posted 01 August 2007 - 08:15 AM
All indicators pointing to a bounce, perhaps after a soft morning.
But even if one bought the morning, its likely that higher prices will be around not too long from here, IMO.. unless lows of futures are broke, then everyone man the lifeboats.
If the lows of the futures are broken, why lifeboats ? Why can't that be another low from which a rally starts. Is there anything important below that, which warrants such caution ?
#4
Posted 01 August 2007 - 11:06 PM