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On balance, I've been selling into the rally (although I have made some buys). I see it as a positive sign that everyone is questioning whether this is a true rally or a bear trap. It shows there is still a fair amount of caution out there. I even see it as positive that the market is taking several pauses on the way up.
That being said, May is a typical high point and there is reason to the saying, "Sell in May and go away". I guess this is all a round about way to say that its really hard to know which way the market will go in the short run. Think long term.
That being said, May is a typical high point and there is reason to the saying, "Sell in May and go away". I guess this is all a round about way to say that its really hard to know which way the market will go in the short run. Think long term.
