13 March 2007

Are You Ready?

Overnight kids at it again...$5 Dow-44, S&P-6 and the Nasdaq futures -8. More sub prime troubles with Accredited Home Lenders (LEND:Nasdaq) playing the villain and the Yen up .70% and accelerating. Maybe our new Anti-George Indicator is on to something. European bourses taking it on the chin as well with most down more than .50%. Maybe that was it for the dead cat bounce because I don't see too much support out there, not from yesterday anyway. So I think the play today is sell any bounce and hold on until we reach 1755 and then 1725. Those levels could approach much faster then you think...be back with a chart...jfg.

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