Will It Hold?

March 12, 2008 at 10:45 am  ·  Category: Market Commentary

So far today we’ve seen a pretty nice follow through on top of yesterday’s monster rally.

But rallys have tended to be powerful and short lived of late.

The question on everybody’s mind is: Will it hold?

On that score, the close today is going to be very important.  If we can hold these gains, that lays the foundation for moving even higher.  If we can’t, that is a kind of tell that this move too lacks conviction.

On this, see also Bob Pisani “Will Rally Last?”, TraderTalk, 10:05am EST.

Posted by Greg Feirman  ·  Trackback URL  ·  Link

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