Tuesday, September 25, 2007

Equity Market Comment 09/25/2007

The equity markets are really starting to take form in here and in quite a clear voice the markets are saying one more rally before the potential mini meltdown.

Keep your hedges in place and dependant upon the nature of the decline we may even institute a short position to capitalize on a sizable intermediate term correction.

Take it one day at a time however and see if what the market is telling us is true.




The daily chart is clearly indicating 1-2 more days of rally to be followed by an intermediate term decline.
Of what magnitude we will have to wait and see, but there is some serious potential for a decent sized decline that perhaps could take out the lows established on August 16th.

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