..does misery love company?
Tuesday, December 18, 2007 at 08:00AM
Demi/ YourPersonalTrader

Well...we'll know soon enough if the company comes in the form of real companies producing earnings not up to snuff!.  GS, FDX,RIMM!.  These companies will paint a broad picture from the financials to the transports to technology.  Everything that is needed to click the market, one way or another.  The lights are dimmed after the last few sessions, yesterday just seemed like a repeat of Friday.  Every technical level has been broken that we have followed here, yesterday was the 13300 DJIA level being taken out with authority as practically sector was down.  Simply, there is no leadership emerging and the only reasons not to abandon the market is the fact(s),  we are waiting for earnings, hopefully to spark the market, the seasonal factor to move the market up and the fact volume is low on this sell off, which also allows for opportunity for a sizeable swing(s) to the upside on the same low volume.   Let's add one more and that is the proverbial bounce possibility now.  Santa has enough things in his sleigh to run over the Bears still, but he needs help from companies announcing earnings this week first.  Everything in this 'market mall' is for sale this holiday season as of yesterdays close.....meaning almost everything is back below 9ema, even the stocks showing upside momentum late last week in a weak market were hammered yesterday.  If a buying opportunity presents itself it is not for the long term, we'd make sure the item we buy has a good return policy as we are sellers intraday/close most likely.  By now, we all have our favorites that can move on a rebound from experience gained over the last few months, we'd stick to what you know and have had success with in the past playing such games.

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