We got our rebound, and a peak was made on Thursday, the New Moon Day.
Heading into Red Period there is now considerable risk for an extended move to the downside, especially since we are coming out of 13 months of nearly uninterrupted rise in the markets.
Be very careful, and better keep some protection in the form of low priced put options if you don’t want to sell all of your stocks. Wait for calmer sailing if your are looking to buy.
We will also post an updated longer term perspective on our Four Pillars Finance blog in the coming days.
Check it out.
Greetings, Danny
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This entry was posted on May 17, 2010 at 7:32 am and is filed under Market Commentary.
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LunaticTrader
Outlook May 17
Posted by Danny on May 17, 2010
We got our rebound, and a peak was made on Thursday, the New Moon Day.
Heading into Red Period there is now considerable risk for an extended move to the downside, especially since we are coming out of 13 months of nearly uninterrupted rise in the markets.
Be very careful, and better keep some protection in the form of low priced put options if you don’t want to sell all of your stocks. Wait for calmer sailing if your are looking to buy.
We will also post an updated longer term perspective on our Four Pillars Finance blog in the coming days.
Check it out.
Greetings, Danny
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This entry was posted on May 17, 2010 at 7:32 am and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.