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IBDvalueinvestin (98.48)

Sell in May & Go Away effect starts after Memorial Day But



May 26, 2009 – Comments (1)

since its nearly impossible to close 200 picks from Caps without wasting an entire day on the internet , I will have to weather the pullback without closing the positions.

Oil should pullback now after gaining nearly 100% from its Jan.-Feb lows. Should head back to $50 and I wouldn't be surprised if it actually goes below $50. There really is no demand right now and the recent surge was just the prior to Memorial day surge we get every year.

Housing starts lowest since 1945 means this will be the worst summer for housing that many of us still alive have ever witnessed.

1 Comments – Post Your Own

#1) On May 26, 2009 at 10:07 AM, Gemini846 (34.17) wrote:

Got anything to back up that "no demand" statement?

I was in a bunch of stores on saturday DKS, BBY, BKS that were packed out. Maybe a holiday rush and some of these charts do seem rather "V" shaped BKS especially.

Your call is short into the rally?

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