Monday, May 17, 2010

Monday Ramp

See the April 6 post, "Mutual Fund Monday" Update: 16 Out Of 17 Winning ... from Zero Hedge

Make that 20 out of 22, profitable Mondays since Dec. 7, and 31 out of 36 profitable Mon.s since the beginning of  Sept.
The late Sunday night drop in the Euro, equities, crude , gasoline etc took out important levels in most cases .... BUT,
How often have we seen important previous lows overlapped only to be followed immediately by reversals of significance over the last year?
This time it may well be different as the size uses whatever bounces show up to get out. They should. BUT

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