Sunday, January 4, 2009
The Rally Looks Very Corrective; Jan. 3, 2009
The rally from early last month looks very corrective and is waning in underlying strength already. Although it appears the market will continue to rally in the coming days into the 950-1000 S&P range, it can fall at any time, and it should fall hard when it does. With that in mind, I'd rather just short rallies instead of trying to get long this market and against the larger trend, which I see as down still.