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@yahoogroups.com
- 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
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