Thursday, January 15, 2009

Colorado Bound

I am getting close to leaving for Colorado to go skiing. Will be gone for a few days. The market at this point on a short term technical basis is oversold. Once the Citigroup and Bank of America numbers come out I would not be surprised to see a sharp rally tomorrow or into Tuesday (Markets closed n Monday for MLK). I am not positioning for it. I think it will be short and do not know for sure it is coming. We are oversold but if October taught us anything we can become much much more oversold.

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