Fast moving market... | stockbee

3/31/2009

Fast moving market...

  • Up 20% in 13 sessions and down 5% in 2 sessions. That is the kind of fast market we are in.
  • A pullback after a big move was logical move, but the nature of this pullback does not inspire much confidence.
  • It was sinking like a stone for last two days with not a single counter trend intra day move. 
  • It is end of quarter and futures are indicating a up open. So we will see how the session goes.
  • If this rally has legs there should be soon announcement of new IPO's. If that does not happen in next week or two the rally is suspect.

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