Market Diary 1-9-08
We finally got a rally after eight trading days of neutral or down trading.
Expect a few days of buying interest driving prices up slowly, then another crash. I expect resistance on the Dow between 13,000 and 13,150, resistance on the S&P 500 (SPX) at 1440 to 1460, and resistance on the Russell 2000 (RUT) at 740.