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Strategies & Market Trends : Charts & Scans
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To: Jeff Jordan who wrote (5005)12/5/2008 10:16:18 AM
From: Jeff Jordan  Read Replies (1) of 5125
 
It's still a rough volatile market. Not much sideways action so atleast options are gaining or losing they're just expensive.

Low crude prices, high unemployment signaling depression. However, lots of stimulus and help in
the pipeline....some kind of recovery by summer as things look bleakest? Crude /gasoline price rise will also signal a strengthening
of confidence...can't get much lower until we're all in soup lines?<g>



...the meltdown continues, for now, we'll probably bounce before 7000,(probably 8K?) we've got
some put options to kill for quad-witching, short covering rallies still in hands of bears.
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