Marketgeometry

Tuesday, August 28, 2007

Tuesday Morning Thoughts 8/28/2007


If you have any hope on figuring out where you are going, you need to know where you have been. From the peak of the movement after the Fed rate cut, we really have not gone anywhere fast. We have entered a pattern of going up and down now. We then should go up today. We are getting close to end of month and that may get the market a pump. A very important are of the market would be Dow 13180. If we go much below that, we could go a lot farther down. My two cents as the coffee tries to work its magic.

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