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I'm not so sure about this. Seasonality has a lot of influence on
the markets and we are now in a strong period for the markets. We
have seen a 10% correction and much more than that in the non blue
chips. The broader market has not recovered much from the past
weeks of correction. It is not easy to answer the question of
"if not stocks, where do I put my money?" .. I would be very
cautious about taking up short positions until we see if seasonality will
win over the banking concerns. (Much of which has been baked into
the averages).
Bob
At 01:31 PM 12/1/2007, you wrote:
Hello Peter
i have already exit all my longs on fri
and enter shorts
Ben
- ----- Original Message -----
- From: Pete Lieber
- To:
realtraders@xxxxxxxxxxxxxxx
- Sent: Friday, November 30, 2007 9:49 PM
- Subject: [RT] SPX & NDX Volume
- Neither the volume indicator for the S&P-500 nor the NASDAQ-100
confirmed the recent rally. We still need strong up-volume to
confirm. Until we do, this move is suspect (see attached
charts). - Pete
- No virus found in this incoming message.
- Checked by AVG Free Edition.
- Version: 7.5.503 / Virus Database: 269.16.12/1163 - Release Date:
12/1/2007 12:05 PM
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