Saturday, March 14, 2009

Wow I was spot on

I was spot on, dow added 9% for the week. Market is oversold but looks like we are going up from here. Stocks moved up in consecutive 4 sessions , the main reason was bank of America and citigroup announced that they are profitable in first 2 months of 2009. BOA gained over 40% in past 5 sessions. Its good time to unload some of the stocks in this rally, we are going higher, but i still feel we should move down in few months. Long term investors should remain sideline, we are heading to over bought area, market may go higher in coming weeks.

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