However, the larger cycle remains down. If we go sideways or down in the march 1, expect to be buying on March 1 for a sizeable rally from the march 1st low.
Wednesday, January 27, 2010
Time for the seasonal rally
We look like we have 5 waves down in quite a few of the stocks we see (T, GS, FCX etc.). Also quite a few stocks have come into their weekly or daily averages. A technical bounce combined with the famous rally of Jan 26th-Feb1 (> 80% seasonal ratio) along with our turndate on 28th(+/-) would mean a rally should start anytime now.
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