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Re: frenchee post# 74

Thursday, 01/15/2009 8:54:04 PM

Thursday, January 15, 2009 8:54:04 PM

Post# of 98
hi frenchee,

I missed your post the other day. I have been watching and cashed out of a lot of stuff between Christmas and just after New Year.

I think for now one has to trade this thing with good entries and stops. I know one thing. We can head lower again later this year, but that could come after a decent rally. As I suggest, trade it for now.

And think about this. PBW is far and away underperforming the $SPX and many other sectors. Lots of perceived risk here.

BTW, there is a confluence of turn dates for many assets Jan. 23 - 26. High or low for the equity market?

cheers,

john