Friday: Market up in anticipation of Barron's saying the bear is dead.
Weekend: Barron's announces "Bear is Dead"; talking heads mention the booming market up 20% in 3 weeks, yada, yada, yada.
Monday: Retail traders call their brokers to get in and late day rally as managers (ie, "smart money" guys) buy.
Tuesday: Market sells off or goes sideways all day, then tanks in the afternoon.
Wednesday: Broad-based trend down day.
UPDATE 4-1
Well, I couldn't have gotten that more ass-backward! So much for me gaming the market on daily movement, I guess I'll go back to grunt work on the daily grind.
Have I said "Jam it" lately!
ReplyDelete:)