Good chance for a bounce today

Discussion in 'Trading' started by Bogan7, Aug 1, 2007.

  1. I am looking for a good bounce today the market is looking a little oversold at these levels and a short covering bounce is on the cards when the NY session starts. Actually wouldnt be surprized to see much of current the decline erased by the 9.30 bell.

    I am not saying the market wont be back to these levels soon and any good rally should be seen as a chance to get short at a better price but I am not among the Doom and Gloomers on here calling for the end of the world.

    Lets wait and see shall we?