Monday, January 7, 2008

Market downturn to begin the year

The sessions after December 27th have been very weak, with the first sign of a short term bottom occurring only in today's session. At one point down substantially again, the Q's finished the session down 23 cents.

This appears to be the making of a short term bottom, with a weak rebound expected in the next few days. This would likely provide a selling opportunity in the next few sessions as we would then be entering the next leg of the downtrend.

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