There are a lot of stock calls here…BUT
March 24, 2008 11:28 PM
The reason I have not given many long stock calls here is that I am simply not a huge believer in this rally….The long term downtrend is still in play ( I am not a big believer in trends unless supported as I have mentioned) ….and the volume today or lack thereof, tells me I am not alone. The volume on the Dow was very, very low. If people actually believed in this, you would see far higher volume, IMO.
The best and safest trades remain on the short side or to buy above critical low points…..and see if they hold. I would avoid the financials here like the plague or cancer, take your pick. But look to be long them above their lows.
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