Sunday, January 13, 2008
Bo Yoder's Analysis For Next Week
The markets failed to produce a relief rally this week as I had expected. This failure was seen in spite of the fact that the Fed indicated it plans to cut rates heavily in the near future. That news should have triggered a strong short squeeze, but instead many of my open shorts performed rather well! This tells me that the selling pressure is unlikely to go away anytime soon, and that I should stick with my current bearish posture.
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