Wednesday, March 19, 2008

so much for follow-through

The excitement of a potential "bottom" was put in check today. It's kinda laughable when, after one day, the talking heads start stirring up speculation of an all's-good scenario.
The Nasdaq erased all gains from yesterday.
The S&P500 and the DJIA both gave away most of their gains from yesterday leaving us with an inside day. The Russell2000 is hurtin' and after today's session we were left with some dark-cloud cover.

Tomorrow is Triple Witching.

Futures took a beating today under some serious liquidation/profit-taking.

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