Thursday, November 13, 2008

Today's Rally

Voltron says: Well, it looks like 8,000 is solid technical support for now.  I don’t believe for a minute it was bargain hunters buying that initiated it.  It was likely short sellers taking profit.  If the market falls again quickly, the short sellers won’t be there this time to catch it.  More importantly the dollar did not show weakness, so I don’t think we’ve turned the corner to inflation yet.

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