Monday, October 27, 2008

MARKETS TREND LOWER

There are still more bulls than bears this week. Palisades Research give 65% probability for S&P to close up tomorrow. Tim Sykes is bullish. Carl Futia is bearish: Spiders - December S&P E-mini Futures: The market will probably drop into the 800-10 zone before staging a 300 point rally. I will remain bearish until Dow Theory and IBD give me the signal for a counter trend rally.

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