Re: New Big Sell Off Aproaching
Actually, we've been on a bear rally since Jan 21st - financials in general have been up since them (I'm currently invested in US:UK financials by 5:1.
Not worrying at all, but expect the current bear rally to last around 8-12 weeks whilst the stimulus plan is able to maintain enthusiasm - then I'm selling up and out and just going to watch from the sidelines over the summer.
Current 200 day indicators say that shares are oversold - but that the trend remains downwards.
In other words, the bear rally in play is just to get us back onto the declining trend line as we over shot it. Hence I'm keeping out once I've cashed in on this rally.
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