Tuesday, February 17, 2009

Today's Markets

It's days like this that make me think the market just doesn't like me.

No matter which lower trend line you are using prices today went through all of them on solid volume. That means the probability of testing the lows from the end of last year just increased in a big way.

On the daily chart, notice that prices just died at the opening and stayed there all day long. Prices also closed at or near their low point of the day on solid volume. so much for the market moving higher with the mortgage plan, huh?