3.16.2006

REFRESHER

Just a little refresher, in my post the other day I mentioned the facts behind buying weakness and selling strength. During the 15 years of the statistics mentioned, the SP500 showed a gain of zero after a one week period after making new 10 day highs. I did not see any information on new 5 year highs, but I will guess that the same statistics will apply. Anyhow, that is the basis for my shory SPY call yesterday.

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