The market can remain irrational far longer than you can remain solvent.Play your positions wisely. I'd keep tight stops on all my longs.
Tuesday, August 4, 2009
Midday Update
Not even bothering to touch yesterdays lows, the market powered higher just proving how entrenched these momentum players are. Just another example of unsustainable buying continuing without paying attention to technicals. At some point we will be back down to the origin of this rally (S&P 880). Keep in mind people that bear market rallies are fierce. John Maynard Keynes once said:
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