Tuesday, July 6, 2010

Sucker's Rally

Typical post-holiday cheer after severe selling. I am shorting into this rally. We should be below 1000 later this week.

5 comments:

  1. I don't know if this is a suckers rally or not, BUT more often than not, when the market goes straight down 10% or more we get a bounce of around 3%...I wouldn't short here.

    We could, should go up at least another 100pts before you begin.

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  2. I don't know if this is a suckers rally or not. But usually when the market goes straight down 10% or more there is a bounce of 3%.

    We need to go up another 100pts before you should begin to short.

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  3. What makes you so sure it is a sucker's rally?

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  4. i guess owl was correct.

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  5. Too many bounce players. Still.

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