Friday, March 7, 2008

MP 3/7/08

Note, I will be out of the office on Friday.

However, for the look of the close – we will probably have a significant sell off tomorrow – provided we break the INDU at 12,000 and SPX at 1300.
Make sure you are ready for it – it could get ugly and fast if nobody wants to hold anything over the weekend.

The only move to the upside would be a violent short-covering rally.

Expect huge volatility tomorrow.

Sorry I will not be around to enjoy it.

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