Here's his bottom line for next week:
"The week has usually started weak and then improved. The S&P 500 has been up 73% of the time with an average return of 0.63% while the OTC has been mostly flat."
Sentimentrader moved a bit more bearish Friday and we could see a bounce from here.
But another down day should produce a very tempting sentimental buy, depending on levels, s/r, etc.
Would prefer a rally Monday then a sell-off into the close.
But TWT
I love saying that "TWT": Time Will Tell
Edited by Rogerdodger, 21 July 2007 - 04:09 PM.
