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Old 02-03-2008, 04:35 PM
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Re: Market Outlook

Nice analysis James...I agree with the overall sentiment, we just see the path slightly different.

Starting on the 24th I see some selling at tops and drifts up on low volume so this is why I think we may pullback prior to the 13k level but time will tell. Either way, this was my first bearish period in the market and it's funny to see how people shift to bull mode way too late and even still many are doom and gloom. You can tell who the real contenders in the market are/will be by how they handle the news and refuse to get sucked into the drama.

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Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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