Nap Time
3rd March 2008
It was a good day to have made it a long weekend, but I would not have guessed that going in. We had another Doji candlestick only 3 days after the last one. The big difference, this one was at the bottom of the trading range, while the other was at the top.It did not help the stock market that commodities were strong again today, in particular both gold and oil. Inflation fears are still with us. That being said, the optimists held off the bears for at least another day. It’s more likely that we just had a short covering rally. We’ll wait to see if they can turn the market around.
- JD