Securities Research Services

Thursday, April 19, 2007

Get Ready for a Bumpy Ride

Any analysis of yesterday's trading is now meaningless. Major Japanese indices are off over 2% as we write.

This is another major sell off in the Eastern markets and it is very likely to once again carry over to US markets. With the US markets at resistance, there is no reason why we can't see another sell off like the one which occured on February 27.

We urge everyone to really tighten up the stops and forget about buying weakness today. In fact, you might use early hope to sell into as the day could turn into a really bloody conflict.

No comments: