The trouncing lingers…

Bear's trouncing yesterday lingers...

Bear's trouncing yesterday lingers...

The market didn’t like Treas. Sec. Geithner’s stimulus plan.

Whether it was lack of details or a ‘sell the news’ scenario doesn’t matter.

The fact is Tuesday’s heavy selling from instituitions sticks out like a soar thumb on the market’s hand….

It’s still no time to buy. Until we break north of the 50-day moving average we’re calling the Sellers in control.

Advertisements

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: