9/19/2008

The bullish reversal

  • Market was overextendeed to downside.
  • There was panic and fear
  • Short selling has been banned in UK and in USA (partially)
  • The full might of the govt and regulator wanted the market slide to reverse
So we had a good reversal after some very volatile action yesterday. Final count over 1851 stocks were up 4% plus on higher volume than a day before. This strength should continue for few weeks.

No comments: