Bears are Winning the Race, Uncle Ben?

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dow-nov-20-2007.png We are only few points away from Aug 16th lows. FOMC’s Oct 30-31st meeting minutes will out soon and that will pretty much decide fate of the markets. Dow staged another fake rally and now is really struggling to keep-up with the 13K. As I have been mentioning earlier, if DOW breaks Aug’s low (on close) I am out of the ways of the bears.

Waiting for minutes, Profitable trading, OP






One response to “Bears are Winning the Race, Uncle Ben?”

  1. OptionPundit Avatar

    Uncle Ben didn’t say much except that short-term things are looking bad, long term a rosy picture. Reduced growth forecast and upped speculation for rate cut (or shall I say a surety in Dec’07). Bottomline, let Mr Market handle his fate by himself.

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