Friday, February 29, 2008

Timer Digest Market Commentary

Timer Digest Market CommentarySocialTwist Tell-a-Friend
Fari Hamzei

Our early morning call today for DJIA touching its -1 sigma price (~12250) was covered by Robert Gray on FOX Business Channel at the bottom of the last hour of the market. Our next target is -2 sigma on SPX which today stands at 1316.

Our Equity Markets are in the process of building a bottom but the WEAK LONGs have to take in more pain in the short term. Look for a big volume day with a huge (4 to 5 sigma) spike on VIX, VXO and VXN. We are not there yet !!

Editors' note: This commentary was sent to Timer Digest about 14:50 CST today.

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