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Strategies & Market Trends : Waiting for the big Kahuna

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To: Paul Kern who wrote (79678)3/7/2008 6:49:26 PM
From: TFF  Read Replies (2) of 94695
 
I think we could see a quick ramp higher lead by financials for a day or two. The Fed and Paulson have been holding off lately to let some capitulation happen. These financials look pretty oversold here.

Fitch downgrade alot of financials after the close. A good monday am gap down might set up a good buy op.

Some huge buying on Ambac at the close was curious.
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