Wednesday, April 15, 2009

Barrons: Stage set for bears?

Michael Khan, in a recent Barrons article on technical indicators pointing to a stock market decline.

>> ...
The stage has been set for the bears to take over, and while they have not done so yet, the risk for investors jumping in now is just too high. ...
>>

Articles like these in popular publications lessen the odds of the outlined decline. Today's late rally on "witching Wednesday" (Wed before options expiration, shows resilience. If the market wanted to go down, today was a good day to take it down, with a weak earnings report from goliath Intel.

Long AZO

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