Friday, August 17, 2007

It isn't over till the fat lady signs

Hope sprang eternal this mornings opening bell on Wall Street. As the day has progressed the momentum has wained and the reality of the fact that nothing has really changed began to set in.

It would not suprise me at all if by the end of the trading day today the market will have lost ground(closed at a loss).

I believe that most of the unward movement in stock prices was the result of short coverings and after 2:30 we will see the real tren in the market.

Dan

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