Thursday, February 24, 2011

Weak Market

Don't be fooled by the V shaped bounce today.  If someone told you that crude oil would trade from $99 to $96 (4 PM close prices), for a loss of $3 on the day, would you have expected the market to be flat?  Probably not.  I am expecting more weakness tomorrow, with 2/3 chance of a gap down.

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