12/2/08
Last week is the 8th Bear Market Rally since October 2007. They ranged in strength between 8% to 24%. Every rally bounce like the bottom has been made. But, each one saw subsequent lower low. Also, what is happening is that the bear market rallies are getting shorter. In my opinion, and as always, investors should using this kind of bear market rally as an opportunity to sell into. Or for more aggressive type, it should sell short into each bear market rallies. I just want to put emphasis here again, last week is just another sucker rally. Good trading to all.
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