Well.. the market is now back to overbought after rallying for two weeks. There should be a pullback of some sort shortly. If the market can merely pullback without falling apart, perhaps we can conclude that an intermediate term bottom was made two weeks ago.
We are approaching the point where hedges will be re-established if they were lifted after the plunge. Should a short hedge (or speculation) be initiated this week? No matter what methodology you use, there is always an element of uncertainty. Stick to your plan. Remenber... Truth takes time.
<o>
No comments:
Post a Comment