Jobless claims declined and the market doesn’t care. Guess all the political talk about Wall Street regulations has everyone depressed. I saw a bit of Geithner interview with Stephanopoulos this morning and was a bit impressed that he was in favor of continued creative products of Wall Street (or La Salle St) like Movie Futures.
We are testing the overnight low now and if we hold 92.25- 91.25 we might get a nice rally off the open to the 1200-1202. If we don’t hold it support comes in at 90.25, 88.0 82.75and 79-78.5.
Anything can happen and sometimes does so its best to “Go with the flow and take advantage of the moment” – Leo Melmade” Former Chairman if the CME
Tim Mack
Subscribe to:
Post Comments (Atom)
1 comment:
Thanks, Tim!
Sounds like we are back to 1200 level. Maybe it is a bullish sign...
Tony
Post a Comment