Tuesday, February 8, 2011

A 2% Sell Off Very Likely Sometime This Week

SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio

Major indices are setting new 52 week highs, but broader market is lagging behind.  In order for the bull run to continue, major indices must halt their advance, retreat by selling off 1% to 3%, and enter into a 2 to 5 day consolidation period to let broader market catch up.


Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.