re: Reasons Why Yesterday May Not Have Been THE Lo When you call...

re: Reasons Why Yesterday May Not Have Been THE Lo When you call your broker does he say: "sorry, you cant sell today.......its the 17th!....are you mad?"

OK heres a counter argument using something called LOGIC.

- There has been no panic selling yet. Obviously the market wont bottom until there is capitulation.

- The advance / decline and new high / new lows indicators suggest the market is still very weak.

- Yesterdays rally got sold down hard all day. Common
trap for bulls called "gap n trap".

- Earnings season is far from over. Bush is coming down hard on CEO's to report true figures. Pro-forma reports that have held market up in past will no longer be seen. Expect earnings reports to be weaker as a result.

There are many more reasons but I just cant be bothered.