Friday, July 10, 2009

Market Update

Futures weak to rumors of job cuts at cisco and chevron says earnings will be weak because of refining and weak dollar

This market will be very difficult for the next 6 or 8 weeks as many hedge funds are taking the summer off due to catching the bottom. Volume will be weak, so wr could see down days and up day but this is a day traders dream market because the big dogs are away.

I will be purchasing stuff for a 6 month timeline because daytrading is not my style and I don't I will sell anything.. Yet

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