Shake Off the Fear

We are finally seeing a little stabilization in the indices on news that France has not heard anything about a potential debt downgrade by Standard & Poor's. That rumor has been out there all day and helped to generate early downside momentum.

The question now is whether we can find some support and turn back upward. We certainly have been digesting plenty of negative news lately and are looking a bit washed out, but buyers need to shake off their fear and build a little confidence. The biggest problem the bulls face lately is that the buying has been so lacking in energy that it fails to draw in additional buyers who are afraid the market may bounce without them. Instead of further momentum, we are seeing day traders flipping into strength....201 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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