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cta751

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cta751

Re: xZx post# 1823

Tuesday, 03/11/2008 7:59:18 AM

Tuesday, March 11, 2008 7:59:18 AM

Post# of 1899
I agree, looking at the chart it does look like UYG has some more downside to it. On the other hand, as bad as everything did yesterday I'm not putting a whole lot of weight on that last candle. I looked at so many charts last night looking for anything that did well and there just weren't very many out there that had a green candle for yesterday. I almost look for many of those that took a beating yesterday to have somewhat of a bounce today. I could be wrong on this but my gut tells me that people will be bargain shopping today and that could spur some gains on many plays today. On that I don't look for big gains in any way as investor confidence has been rattled in a big way.


A tornado is like a stock, it takes just the right conditions to form a huge one but once it forms, nothing can stop it!
my posts are only my opinions, nothing more

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