Friday, July 16, 2010
Not Like 2009
Well, I was thinking for a second there that we might be back to 2009 mode of very few dips but this market is noticeably weaker than the one we saw in February trading at similar prices. With much of the good news out of the way, this market looks exhausted. I am still looking for a move to 1115 later in the month but it is looking more likely that will be an exquisite shorting opportunity. Still bearish here.
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2 comments:
From the reading i'm doing, I think that feeling is mutual. Lower into next week, then a turnaround and higher into months end.
We shall see.
There will still be lots of favorable earnings reports to come..
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