|
Market Comments
January 11, 2005 Printer-friendly version |
| Today's Comments (Short Term Outlook) |
|
I don't have much to add to yesterday's comments except
to say that I am closing watching the market for something more solid to
hang my hat on. Right now I am still leaning toward a rally but I
can be easily swayed the other way. Yesterday's action was a good
but but a little disappointing as the rally faded some. I did
notice that the first half hour ("dumb money") was down and the last
half hour ("smart money")
was up. That's a positive. Whichever way it does go it may be a short move, meaning if the markets get a push down we will have a good buying opportunity and if we see a good rally we will get some resistance and may want to sit it out. This shouldn't affect longer term investors but short term traders may want to play the wiggles. It's always tougher than it sounds though so be careful. That's all for today. Currently 50% C, 25% S, 25% I fund. See you tomorrow. Got questions? Visit our message board for answers. |