October 26, 2008

Market Review and Commentary for October 26, 2008

DISCLAIMER: These are trades I am doing and may not be right for
you. Use your own Due Diligence when making financial decisions of
your own choosing. This is NOT a recommendation of any security.
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The market held up Friday (it still lost 300 points, but most thought it would drop 1000) despite a Limit Down move in the S&P futures prior to the open.

I understand that many large traders are now saying that the market will NOT drop by 1000 pts in one day becuase ‘everyone is expecting it’ – but who knows… I’m basically a ‘technical trader’ and do not rely on opinion but the technical condition of the market and the market does not look ‘healthy’ to me.

Watch today’s video for my take on the market going forward:

WATCH TODAY’S VIDEO

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