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	Name:	water_watcher -
	Subject:	I agree
	Date:	11/13/2008 6:08:59 PM

I want the market to go up badly, but unfortunately this was a short sellers rally. We may get another day follow through, but unfortunately we are headed lower. There was a major support level at 8100 that was broken intra day by 150 points ... while we finished above, it will have to be tested again, if it does not hold, 7500 is the next support.

We are close to a bottom, but i dont think we have hit it. Financials need to rally in order to have a sustainable rally. Credit is still too tight and banks are still trying to shore up their balance sheet for that to happen until probably the second quarter next year.

Other messages in this thread:

View Entire Thread

BO and THE MARKET REACTION - GoneFishin - 11/13/2008 4:59:26 PM

BO and THE MARKET REACTION - Jim Dandy - 11/13/2008 5:36:17 PM

I agree - water_watcher - 11/13/2008 6:08:59 PM

BO and THE MARKET REACTION - Talullahhound - 11/13/2008 5:49:32 PM

BO and THE MARKET REACTION - MrHodja - 11/13/2008 9:04:10 PM

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