dunno, but u have been saying that during weeks of big mutual fund outflows: $2.4B the week of may 12, and somewhat less, like $700mm last week. but still ... inflows peaked in q1, surpassing 2000 q1. that's alot of folks underwater ...
I agree with you that we are oversold and due for a rally. But my guess right now is that the uncertainties surrounding June 30 will put a cap on any rally. If this is right, then any real exuberance will have to wait until sometime in July.
Zeev when you give stop loss for closing basis that means you have to keep mental stop rather than puting a order of stop loss and sell the next morning Regardless of the price Right?. Tia
Please be careful on doling out advise on exposure. I'm under exposed here because of the uncertain geopolitical climate, bulldozing of peasant homes in the Gaza, car bombings in Baghdad, weak leadership from Bush, oil manipulation by the Saudis, looming interest rate hikes.
This is a good time to be on the sidelines.
Good luck and God Bless,
TT
P.S. Your rally will come but maybe not before further decline.
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