Judgement day: February 19th, 2009
February 19, 2009 – 5:43 pmIt is official folks. The Dow Jones broke 2008 lows, but we still closed at a six year low. The breadth in the market seems so negative right now and it is astonishing how good news doesn’t even trigger a gain in U.S equity markets. Tomorrow is judgement day in my opinion.
The Japanese Yen isn’t helping our cause very much. The Yen continues to weaken against the dollar, another negative catalyst. With the way the machine is running right now, one bad piece of news before the open should trigger a massive volume day to the down side.
2 Responses to “Judgement day: February 19th, 2009”
as of this morning i am 100% fully invested in shorts as i have noticed last 2 days the indices open up higher but cant sustain there gains that only means one thing no buying interest and a big downfall will soon follow i truly hope i am right on this one cause if any rally occurs tomorrow i will take a beating but all signals point to a downside
By john on Feb 19, 2009
absolutely flawless week !!!!!
By john on Feb 20, 2009