Tuesday, November 18, 2008

Retest And Re-Fail

Keep an eye on the markets today. The magic numbers for the Dow are 8,000 and 820 for the S&P 500. If the markets close under those numbers this week, we're in a lot of trouble. Last Thursday the markets hit those numbers during the day and then made a major rally up off of them. Over the last two days however that rally has evaporated.

We'll see what happens over the next day or two. Futures are at "meh" right now. Could be another bear market rally day, could be a cliff, could be just a day.

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