Tuesday, October 14, 2008

Predictions for Tomorrow, Wednesday Oct 15

Tomorrow is the 15th of October. The week so far has seen incredible moves. The Dow is hovering just above 9000. This week so far we're up quite a bit from where we started with a jump start of 932 pts on Monday. Today we saw another jump which ended up settling down. Current R is at around 9700. My expectation for today was that it would hit 10,000 which did not happen. I felt that we were just down too far and that a pull back would be delayed. However, there was a pull-back.

Tomorrow I expect to see a slight rise around 200 pts and then a fall and then a rise again in the afternoon.

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