Tuesday, March 9, 2010

Should Drop Today

The market looks tired and looks like it will take a rest today.  I am not looking for a big dump, but a trip down to 1121 to fill the gap from Thursday sometime in the coming couple of days.  It will take a huge effort to get this market above 1145, and it can fall to 1121 without much effort IMO.  The weakness in crude oil and gold is telling me the funds are starting to cut back on risk at these levels.  I believe stocks will be next. 

No comments: