Friday, February 29, 2008


Just a tiny bit of market talk on a Friday... we are now two weeks and two days past the February 13th confirmation of the current "rally." I have stayed on the sidelines watching for some breakouts or some volume moving into the market. Rather than go through that chore in detail I'll just say this: on the day we "confirmed" the QQQQ's closed at 44.18. Ten trading days later they closed on Thursday 2/28 at 44.12. Impressive rally, no?


Today the sellers have been running things since the open. The last QQQQ tick I just saw was 43.37.

Some rally, huh? Over four months in cash now and still "hoping for change I can believe in."