Friday, June 4, 2010
New Closing Low
This was a new closing low for this move. I know it has been a pattern for the market to gap up after selling off hard on a Friday, but one of these days that pattern will not work and we'll have a big gap down. I don't think we can keep going under 1070 and bounce back higher. Eventually we'll stay under 1070 and bust through 1040.
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1 comment:
It's unfortunate that the bears got a bit too greedy. I personally think that the bad employment numbers are priced in. I hope Asia & Europe surprise us with a gap up.
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