Monday, January 05, 2009

Holding the Breakout level

I think today's market action is very positive. The breakout above the 920 level that occurred Friday has yet to attract any aggressive selling activity. As I write this the futures are trading at 923. If the market can close near or above this level I think we shall see a continuation of the rally tomorrow.

2 comments:

  1. nice tape reading today Carl! CF

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  2. hey carl
    i did miss it , and while i make my coffee ill take the time to read through your 2009 thoughts
    having only briefly glanced at it
    just now ill reserve my comments
    untill i have read it all and took the time to think about everything
    i just want to say thanks you
    i know it is hard to put together a game plan and to write it up
    into a forcast .
    thanks
    joe

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