Thursday, November 15, 2007

Bank of Montreal Going Lower?

In general... I see a high probability that markets will continue downward for some time to come.

For instance, BMO is looking very weak in the short-term. After sliding down from near $73 since late May 2007 it recently made a low of $56.44. I'm expecting BMO to go below $56, perhaps within a day or so. Chart link.

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