Wednesday, February 6, 2008

Rally Fizzles Out as Stocks Roll Over....

After being up all day, the market has just turned negative again.

Not necessarily a huge wave of selling, it looks more like buyers are staying on the sidelines, allowing bears to regain control.

Cisco has earnings after the bell this evening. A disappointment would virtually assure that we are headed back down for a retest of the bottom made on January 22.

No comments: