Friday, May 7, 2010

That was It

I don't think we will be going lower today. I think that was the bottom, we've reached a pinnacle of fear intraday and we will likely finish higher from here.

3 comments:

Anonymous said...

The swings will continue for a while.

There is still too much fear out there. We could swing positive 200 and just as easily drop 400.

Trying to call a bottom here is impossible.

Anonymous said...

Owl, I am with you on this call. The buying op just happened.

Petsamo said...

I say we finish around SPX 1120. This would match the DAX's decline of the last two days.