Discussion in 'Chit Chat' started by nam_mna62, Dec 17, 2008.
What is your sentiment on market for tomorrow?
What news will drive the market?
News hasn't been driving the market this month. That will probably continue until the new year.
I expect a continuation of the Santa Claus rally tomorrow.
I usually publish that around 3:59 ET.
It's easier then to get it right.
Up! It had plenty of opportunity to go way down, but it didn't. Seems like the bias is upward...just a feel...no technical analysis. I think any good news will drive it up.
My thinking is that its just as dangerous to be in the market at the top as it is to be out of the market at the bottom. Call it a Santa Claus Rally, or the precurser to a New Administration Rally. Whatever. People are realizing that we're oversold, the lows have been tested and we don't have anymore good reasons left to drop. Heck, we're getting used to layoffs and bank failures!