Sunday, March 15, 2009

Another Bear Market Bounce (in my humble opinion)

Look at all these rallies back into the 50-day (Black Line) on diminishing volume.
Volume measures fear and greed in Big Money Investors. Stocks rallying on diminishing volume is not a sign of conviction.

Commodity Stocks have barely bounced.

International markets are gross - Germany (DAX), England (FTSE), France (CAC) and Japan (Nikki).

I started shorting Financials on Friday. I will add one short position a day this week.

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