Thursday, March 13, 2008

03.13.08 - Still a News Driven Market

Clearly still a very news driven market. I can't imagine traders will want to be too short ahead of the Fed next week, especially as recent negative economic news continues to support a good sized cut in-spite of the liquidity action this week. Barney Frank's comments haven't hurt either. I read a post recently that fading large gaps in a bear market usually bear fruit, but large gaps up should not be faded. I'll post a link later.

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