We Got the Shakeup
That wasn't the selloff I envisioned on the open. I expected some, but we may have finally gotten the "whoosh" I mentioned last night. If -- and it's a <I>really big if</I> -- the market were to close green or flat or even close to flat after this morning's action, then we may have at least a temporary bottom in place.
There are some decent intraday bullish patterns on the equities, but the problem is that there are similar patterns on the Swiss franc. I believe that for equity buying to take hold, we need to see at least two out of the risk-averse three decline: Swiss franc, gold or U.S. Treasuries....399 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.