Atilla
Legendary member
- Messages
- 20,853
- Likes
- 4,031
Market is event/news driven, so any bailout news will either help or hurt your outlook/prediction. I would expect the unexpected...
Asia is not reacting to the news. I heard somebody throw the figure or exposure to be $2-3 trillion and this bail out not likely to be the end failures???
BBingley and Fortis news doesn't help the situation either. Any rises likely to be half hearted lacking conviction imo.
What will drive the markets is what DOW does when it opens.
I think news is out there now and it's just a question of markets response.
We moved up to 11180s and then retreated back down. I'm now thinking 11025 and maybe even 10850s...
Best move is to stay on the correct side of my MAs as always. Go with the trend.