Market Open: If We Are Going To Reverse This
July 29, 2008 1:15 AM
If we are going to reverse the selling here, I believe we have to sell down tomorrow and reverse course. If we open sharply lower, watch out for a reversal early on. If we get that, then you will have to understand what is going on to know if we are in trouble, or creating a near term low. If we open higher, to say that I would be skeptical would be a massive understatement. If we cannot reverse it tomorrow, then Wednesday has to be it.
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