Buyers still lurking …

Market found support at first meaningful supports, showing that still many people are “underinvested”.

Whether it is the cheap money from the FED or the “not-to-beat” negative expectations for the current earnings … people still moving into a market which is extremely overbought. Some people see it as the most overbought situation of the last 20-PLUS years.

Respect

Anyway … be aware that sentiment could change quickly … big companies keep cutting their forecasts and especially the financial sector is FAR from being a sound investment.

Maybe a classic case for SELL IN MAY AND GO AWAY?

I keep selling ANY SELL SIGNALS with double to triple the size of my buy size.

Take care!

Tags: outlook

This entry was posted on Dienstag, April 21st, 2009 at 17:47 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.