Tuesday, February 8, 2011

DIA Daily

I know... I sound like a top caller.  Yes, I feel like one too.  But really, I will do much better in the short term if things just stay as they are.  I will do better in the longer term, if this thing reverses, because such a reversal (in stocks and in T bonds) would fuel the preferred investment stance.  But we'll just have to move forward with whatever the market ultimately decides.

I see some interesting similarities to instances of prior tops (of significant note, or otherwise).  It is kind of cool how the Dow tends to accelerate to dump out the shorts just before topping out.

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