cbwang888 (29.74)

Chia hope rally! DOW up 220 to 6950. It will fade tomorrow...

March 04, 2009 – Comments (0) | RELATED TICKERS: PRU , MET , QLD

It is still a HOPE rally. Reality is that US consumers are broke. China can only help little on our economy.

Selling into every hope rally continues to work for some time. Tomorrow will be a good time to sell some longs and turn into shorts when DOW break 7K.

I'm holding longs on basic materials like AA, DOW, X and QLD.

Insurers like PRU, LNC, MET, HIG will resume sliding tomorrow. Today looks like a short covering on them.