Thursday, June 26, 2008

Bear market

Today, bond futures rallied and the stock market tanked.

I haven't bought anything, yet.
Tomorrow or Monday the market could do a complete reversal.
Lots of Mutual funds getting rid of losers today, as it is the end of the quarter.
The market internals were very bearish today, and at no time did I get a buy signal, only short signals and short covering signals.
Mood= Frustrated
Why?- I tried picking a bottom and lost most of my profits today. All I got to say is follow the signals.


Anonymous said...

With all the news about being on the cusp of a bear market the market is facing a strong headwind on Monday. Inverse EFTs have worked well for me last week. People are talking about a bounce; I don't know.

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