Window dressing, window dressing, window dressing. Repeat this mantra after me. Funds are putting back in their portfolio all the April rally winners they booked profits on in August so as to show perfromance in their year-end (Friday). They will dump those stocks on Monday, and others as early as tomorrow, as they will quickly offload the ones that ran up with everyone else today but that everyone knows will perform badly next quarter. We have not reached oversold weekly levels and need to do so before we finally get a tradeable bottom. So relax and keep the powder dry. Better prices are coming and you aren't missing anything, unless you are daytrading. Yes, bulls "could" take-off from here and never look back, but that is not going to be my trade as of now. However, I will be hedging with a crude oil short at some time.
This entry was posted
on Thursday, September 29, 2005 at 7:47 PM.
