Thursday, May 28, 2009

Trend

This is the reason we always look back on the market behavior. Last post I noted that whenever we end the day bearish like yesterday the following day we head higher and the same thing happened today. Well this being a holiday shorten weekend and end of month I am more looking for an up end of the week as a sign of month end mark up.
June should set the tone and with almost most managers closing out their quarter at the end of June I believe the highs of this push up will be seen in June or the first 7 trading days of July.

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