Friday, May 7, 2010

it's not over

Yesterday's 1000 pt. sell off is a warning of how manipulated the stock market is. If 1 person or a bunch of super computers can cause this, why will people want to invest? Even though most of yesterdays sell off trade's where negated, I don't see this as a long term buying opp. I think we will consolidate and maybe retest the 50dma, before falling again. I think 10,000 on the Dow and 1050 on the S&P needs to be retested. "Come May and go away" maybe the best strategy this summer.