Tuesday, November 13, 2007

Grundy Market

Back in the old days, a couple of years ago, markets would correct and stay there for a while and then they would correct a little more, like a Slinky going downstairs.

Nowadays, stocks go up like crazy in the morning, correct in the afternoon, and then go crazy again the next morning. Support and resistance are superimposed.

I may have to think of something else to do with the proceeds from my recent GOOG sale.

AEO, anyone?

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