Hey everyone,
We are seeing a nice bounce in the markets this morning. The S&P500 is at 1485 as I write this(!!!). If you look at the 5 day chart, you will see this could take us back to part way through the crash we saw last week. The market is saved!
To me, this feels like a dead cat bounce - one formed by a pump in liquidity and a jump in premarket futures.
Continue Reading 4 comments Tuesday, Jul. 31, 2007
by Phil
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Filed under: Stocks, Advice, Technical Analysis, Fundamental Analysis
