Tuesday, December 15, 2009

US Markets - Dec15, 2009

Interesting...Is this it? If it is then the initial retracement of the dollar yesterday would be viewed as shallow at best. Once again any additional advances in the market should be viewed as a selling opportunity. The coming year will bring significant downside risk to the markets with a high probability of making new lows. The risk/reward relationship does not warrant in any market participation to the upside at this time. DJIA -10700. Numbers to watch remain the same...S&P500- 1085, DJIA-10235, NASDAQ-2115. -Dio

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