Sunday, April 4, 2010

Market timing update

The NASDAQ closed at 2402 on Thursday which is where it was when I last wrote on the subject March 23. The market has to move at some point up or down. At this point I would expect any strong move to the upside to be met with stiff resistance. At this point a pull back would not necessarily be significant (perhaps 2325 on the NASDAQ). I am not adding to long or short positions.

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