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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Gush who wrote (7721)4/13/2005 9:48:29 AM
From: Walkingshadow   of 8752
 
Market gapped down, a sea of red out there, and things look set for a down day, and further downside.

Retail news below expectations this morning, but index futures were trading lower long before that was released.

So we are looking at yet another example of lack of follow-through, a down day, and further downside after that.

I am glad I am short, and have no plans to cover in the near future. I'll probably maintain this position until I start to see evidence of a bottom forming. So far, I have seen exactly zero evidence of a bottom.

T
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