Brett Steenbarger, the writer, trading coach and analyst extraordinaire, did a study showing that the market can be expected to perform really well in the near term. He is a must read for any stock market student:
http://www.traderfeed.blogspot.com/
His market insights will allow me to sleep tonight.
Tuesday, February 27, 2007
Market Crashing
Wow, China's Shanghai market dropped about 8% overnight and now US markets are down around 2%. Given that it is month end, we can expect a healthy rebound starting either tomorrow or Wednesday, and lasting for a couple days. I'd bet tomorrow isn't too good in the morning because breadth is really bad now, but the afternoon might bring in the month end buyers.
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