AI
Tuesday, March 03, 2009 2:56:19 PM
Not a very good Dead Cat Bounce IMO...
If today's green body can't close above the halfway point of the body of yesterday's big red candle, it won't be bullish...(see daily chart below)
So far, today's canlde is a 'doji' which can mean a moment of indecision or it could be a reversal of trend signal...The next few days are critical...
We're going to get some really important employment numbers (Challenger Job Cut Report and the ADP Employment Report) and the ISM-Non Manufacturing numbers tomorrow, and they aren't going to be pretty so I'll keep my SDS position until after I hear tomorrow's news...
If today's green body can't close above the halfway point of the body of yesterday's big red candle, it won't be bullish...(see daily chart below)
So far, today's canlde is a 'doji' which can mean a moment of indecision or it could be a reversal of trend signal...The next few days are critical...
We're going to get some really important employment numbers (Challenger Job Cut Report and the ADP Employment Report) and the ISM-Non Manufacturing numbers tomorrow, and they aren't going to be pretty so I'll keep my SDS position until after I hear tomorrow's news...
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