More Selling Into The Rally
Friday, November 13th, 2009Hi PCA Fans,
The other day I ran the model portfolio and took a few small sell orders in a couple holdings. Today I sat down to update it when I saw CNBC cheering the market at highs for the session and I got the following orders…
Sell 17 QQQQ for 749.53
Sell 7 DIA for 722.19
The market looks like it is approaching a critical mass with this rally.
We either have to break through a downward sloping trend line going all the way back to the 2007 highs, or we are going to break down through the support line going back to the March 2009 lows. Time will tell.
