Archive for the ‘market trend’ tag
Market Projection for Next Week
If you look at the track record of market behavior around this time of year, the recent rally represents the trend upward the last week of November. Also, we had just had a large downtrend, allowing for a large rally. We will likely see a down week of -500 points or more unless some major good news comes out, like the recent statement of Treasury Chairman Paulson to make a massive capital infusion which almost immediately lowered Mortgage rates. The day that this was announced the market was basically flat. This is because the market was due for a downturn to balance out some of the rally it had just experienced. When Paulson made this massively bullish news, it balanced out the activity for the day and left the market essentially flat.
