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.
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3 comments:

  1. Anonymous5/07/2010 11:01:00 AM

    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.

    ReplyDelete
  2. Anonymous5/07/2010 11:16:00 AM

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

    ReplyDelete
  3. Petsamo5/07/2010 01:52:00 PM

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

    ReplyDelete