Saturday, February 28, 2009

Day trading, accelerated declines and the dollar.

Tested the floor 738.50 and we closed underneath. This really isn't capitulatory volume. Would expect to see the volume to increase to at least 3 million shares.

We have lower highs and lower lows coming on.
News is not the best.

Universal Health care is a benefit bestowed upon a nations citizens when the economic environment is good.

The first two nails in the economic coffin of Real Estate and Banking (including financials) have already been driven in firmly. If we add to that Universal Health Care, Bonds, Insurance and Financial Derivatives, this year looks like it could drive our recession further.

How long will the Dollar hold and Deflation work to our benefit? This is the point of accelerated declines in the market.



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