Market Backs Off

Thursday, July 31, 2008

The market backed off today after finding resistance losing 205 points after gaining over 450 points in the previous two days. The massive two day gain was a case of "too far, too fast" and the pull-in was expected. I am hoping for a disappointing jobs number pre-market tomorrow morning to gap the market down and give me a great negative-to-positive trade in the indexes and select stocks. We shall see how the jobs come out...


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