The financial crisis is farrrrr from over... the bottom in housing is farrrrr from over.... market will retest its jan 22nd lows again.
Volume is average so far for the day. What makes you think more institutions than usual are coming in as sellers today? Thx.
Crude will be the culprit. Rally fades as crude hits $100.00. What really happened was the ole classic pump and dump, can't say that though.
honestly,the red flag was when the financials gapped up and then sold off. this rally had no foundation whatsoever.today was a day that the novice trader really went to school.
Seems like oil slowly made its way to 100+ again, I think commodities are overbought however I think they move into extreme parabolic mode where you will probably see gold at 1200+ oil at 120+ in the next few months, wheat, soybeans, corn and every other commodity just continues to move even higher....