Market Precognition

The goal of this blog is to PRE-RECOGNIZE next several moves in the market
I focus on trading the S&P emini futures and T-notes futures.
A loyal reader will begin to understand the themes, memes, and sentiment that leads the market.

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Johnny Hom

Thursday, August 12, 2004

SENTIMENT: DESPAIR
The market is gripped by despair. The current environment reminds me of the market in August of 2001. The bearish mood was only resolved after the scary month of September.

For longer-term players, buying some tech exposure here is a good idea. However, keep cash available to buy if the lows of S&P 1060 break and we get a scary dump.

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