Tuesday, November 27, 2007

Buyers win today

Dow ended up 215 recovering most of Mon's loss while advance/decliners were 2-1, not impressive for a major rally. Dow remains under 13K, an important psychological level. NAZ also did well, up 40. Looks like Citi news dominated thinking today. But tomorrow is a new day with more news. The VIX fell, but at 26 it remains high which means high volativity. Tomorrow will be the test if today's rally has legs.

No comments: