Thursday, February 01, 2007

No Buy Pressure, S&P High Sell Pressure



Dear Readers, Yesterdays rally has not advanced stocks much ( especially QQQQ), but did wonders to reduce the buying potential in the market. So, act accordingly. I believe yesterdays reaction in the markets was premature and will reverse in coming days, EURO seems to have reversed some already. GOLD, ENERGY may withstand better the correction. I still believe Interest Rates will move higher starting next week. Only a strong Bond Rally here could change my mind on this. Good Trading

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