Market Action today was positive in the morning and then whimpered out in the afternoon. There is a lot of overhead resistance from people who purchased just before the sub prime mess.
So, if the news for this week implies that economy is slowing down, please be ready for some down drafts in the market....
BIG GREEN FLAG only if market goes through the recent highs on convincing volume. The material stocks will remain volatile. Demand for mobile smart phones will keep the AAPL and RIMM making new highs, unless the next earnings report for RIMM due 10/4 will does not meet the high high expectations of market participants...
SO, HOLD ON and watch the markets ebbs and flows...
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