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Message: A good trend line break today!

A good trend line break today!

posted on Aug 29, 2008 05:40PM

You can feel the optimisim in the market as the last summer weekend arrives. I hope the optimism helps us over the obstacles next week throws at us. Hurricane Gustov is headed for New Orleans and threatens weak U.S. oil reserves. Tech stocks were down today with Dell warning of its cutbacks on spending. Discounted mortgages are expected to continue coming due right up until the spring of 2009. The Lord giveth but bad markets taketh away (grin).

On a more positive note, we broke the last leg of our downward trend which started at .57. I am optimistic we will hit that easy on news and test .68 or .70.

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