Tuesday, December 28, 2004

12/28/04 Tsunami

I can't believe that there isn't more of a negative bias to this tragic event. I think the markets will be down today but how much I don't know. Maybe yesterday was just a digestion day. I know initially most people didn't know just how bad it really was. We have several numbers out today, consumer confidence, and retail numbers including same store sales. I'm thinking that this market has topped out. The SP tried to rally over night but didn't go any where. Looks weak. I plan on playing the sell side today. I will also be watching the bonds. I will look for shorts there as well.

Trader X

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