Tues Morn pre-market
Posted by Cire2222 on Mar 4, 2008
The index futures fell are down this morning about 90 point for the dow and 12 points for the S&P. We are sitting right at the bottom on the support line we spoke about last night on this chart
if you got short with us last night your feeling good right now but don’t be surprised if that support holds for a bounce. The pre-market volume is light compared to the gap size, that means one of two thing either A.) The gap is a fake move to suck in shorts and we see a reversal today or B) shorts are waiting on the sidelines waiting for a bounce they will not get and this will force the market much lower. Last friday was a perfect example of this, the scenario given in B is what we saw happen.
