Powered By Blogger

About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Thursday, October 08, 2009

Stock Market Quickie

The rally off of the mildest of short term oversolds plus the failure
today of the SP 500 to take out resistance at the 1072 level will
not go unnoticed by a good sized group of traders. Some of the
boyz may see this little failure as a mechanical sell signal. Well, it
sets up a couple of interesting days...CHART.

No comments: