Rally is here, it's been a "long" wait since last week. As mentioned before, we are in a bear market, so SAR reigns. Better to exit those longs and start looking for shorting opportunities in the next few days, but remember March 18 is Fed rate decision day. Shortly after that could offer another shorting opportunity: "U.S. stocks rallied the most in five years after the Federal Reserve said it will pump $200 billion into the financial system to shore up banks battered by mortgage- related losses." - Bloomberg.com
Tuesday, March 11, 2008
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2 comments:
how,s that hamburger flippin job of yours going? you better update your blog faster, you lost everyone, maybe you can find some new chumps to follow you , ok? you suck, stick to the burger joint.
Very good call on monday LauristonLetter to close short position, at least temporary.
I think thuesday reaction was most powerfull since ages, I saw one commentary mentioned NDQ has not seen this powerfull day since 2002 - not sure was it complete accurate information.
Regards,
Mika (at JustCharts)
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