Well today we got a bounce and what a bounce it was pathetic indeed, no volume and just the oversold financial really pushed higher. I am going to follow my instincts here and say it was all based on Bernanke talking today and nothing else. I have no faith in bear market rallies and saying that there is no way we have seen the lows. A matter of fact I think we have a terrible March.
I will play it as it comes and if this is a rally we can jump on board for real but I have no reason to believe this is sustainable beyond a couple of days.
MARKETJEDI
I will stick to my plans
Tuesday, February 24, 2009
Patience
Patience is the key for me today- I will be shorting this gap up but then I will sit back and watch to see what they want to do. 6-7 straight down days I am sure the bulls dont want to add another so I would expect them to try higher but who knows what will happen.
I am basically playing it close to the vest today and watching
I am basically playing it close to the vest today and watching
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