Let's See.....

Discussion in 'Trading' started by MKTrader, Jan 7, 2008.

  1. 1) An incident in Iran and response from the White House

    2) Bearish talk from Citigroup and Merrill

    3) Bearish talk from Atlanta Fed

    4) Treasury Sec. says no "easy answer" for mortgage problems

    If the bears can't take the S&P 500 below 1400 today with all of this going on, they should be afraid...very afraid.

    So far, they haven't. We'll see.

    Even if they do, expect more support and bargain hunting at these levels and probably just below from 1360 to 1380.
     
  2. gobar

    gobar

    if we do double bottom before 3.30 then stock might end flat to modestly lower...