Wednesday, August 11, 2010

Derisking

Well the hot money hedge funds are getting out.  A big drop can come out of nowhere when you have a lot of complacency.  But at the same time, this rally wasn't bought by the public, so I don't see us going down much from here.  We still need to build a top, and it will take time.  I wouldn't be surprised to see us rally back to 1120 next week. 

No comments: