I know I’m A Contrarian, So Here I Go Again
Even if you feel like this is a sustained market rally that will continue to rise into 2009, you have to take into consideration the charts from previous bear market recoveries. So whether or not you feel like this is a recovery or not, we are looking at a down swing within the next day or two of 350+ points. based on the trends of recoveries, we will still see a downturn from the “ringing of the register” that Jim Cramer references. This is a great time to jump back into short positions but I would be careful about which sectors you short, because before was a free for all for shorting but it is getting sector specific again. Or if your not into shorting, wait until the next drop until you buy.
Related posts:
