I regretted not moving to G in early to mid December and was somewhat envious of those who did. However, had I done so when would I have jumped back in? Now?
The "S&P 5 day rule" now has some additional support with the "January effect". What does this mean? A new bull has arisen, or just an extension of a bear market rally? All rhetorical questions, by the way...
Well, we did have that dead cat bounce that I spoke of in December ...when I recommended that you not sell.
Will it continue?
We are still technically in a bear market. However, if it can hold support over the next few weeks (February is usually bearish), we would then be moving back into long-term bullish ground.
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Posted by: sarah_oz@yahoo.com
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