Monday, June 7, 2010

Mutual Fund Monday?

Already happened....The most easily observable and anticipated trade of the week...Mutual Fund Monday, see
"Mutual Fund Monday" Update: 16 Out Of 17 Winning ...had it's moment ... before the opening.
That's right, sometimes there are second chances in life, and if you peeked at the markets late last night and thought, "shoot there it goes and I 'm a little underweight on the short side", guess what.
 click to enlarge
Since the late April top it's been a little less effective a play , and not there the last 2 Mondays (or Tue. post Memorial Day W.E.).
With a 50% retrace of the last countable leg down, and retest of the overlap/ break down from Fri. ,  may be it's all over before it's begun.


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