Tuesday, October 16, 2007

Correcting From Over Bought Levels

The broad markets are correcting perfectly so far. Pulling back down from
overbought levels very smartly but I have some concern about the financial
sector. I am not sure what to make of this yet. Too soon to tell. I'd like to
see this type of corrective mode continue and create a higher low down the
road and create a platform to launch off from. So far, looks like my
prediction of $85 crude has easily come to fruition and that makes me unhappy
to be honest with you. Nobody wants want high oil prices.

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