<b>Market View - 26.Mar.2010</b>
<b>NYSE Percent of stocks above the 50 Day MA: 78%</b>
Buy Aggressively
Buy Cautiously
Hold
Sell Cautiously
<b>Sell Aggressively</b>
(the highlighted option is my current sentiment)
The numbers at the end of the day do not do justice to the days action. It was a very volatile day, with solid volume. Money seems to have trickled out.
I skipped a few heartbeats when my short position was almost 10% in the red, but it has recovered since then.
This might be the pull back I have been waiting for. It takes just a few days for the markets to re balance itself, which is usually very painful.
Cheers!