A look ahead: February 25th, 2009
February 25, 2009 – 5:57 amGood morning chasers-
What a day yesterday. Someone talked and the market reacted well. Interesting. I’m almost convinced that this is the beginning of the end, but we’re probably still headed lower. As Jmoon predicts, 6000 DJIA is right around the corner. I’m not sure I’m totally on board with 6000 flat, but certainly cutting well below 7000. I feel that this rally was simply a gift to make some sales and find some shorting opportunities. On the other hand, take a look at a few possible longs. Goldman Sachs (GS) has been trending up and continues to beat up the market of late. Also, take a look at Alcoa (AA), Dow Chemical (DOW), and General Electric (GE). All are hitting some old-school lows and have attractive yields. Something to think about for the long term. Best of luck.
-Justin S
2 Responses to “A look ahead: February 25th, 2009”
nice post ,,, thats exacly what i did yesterday loaded up on shorts
By john on Feb 25, 2009
did u see the move on FITB ridiculous
By john on Feb 25, 2009