Namely up 75% of the time averaging 1%. Right where we are!
Sunday Post
If you bought Tuesday morning, you could have doubled that normal return.
Or if you bought SSO Tuesday and sold today = 4%
But according to Mike Burk, May is the 3rd worst month, averaging 0%.
OTC does a bit better. May's the 4th best month, up 55% of the time, averaging +0.4%.
Fed won't do nutin' Wednesday.
So, do we regroup and then hit new highs in the S&P after a rest?
Or is it blow-off time, using near record shorts for fuel?
We are less than 20 S&P points away from the all time high.
You know they are gunning for it.
Sentiment is moving a little more bullish, but not much.
Edited by Rogerdodger, 04 May 2007 - 10:06 AM.