Wednesday, July 1, 2009

The times may be changing

For the first time in four months the 20 DMA is rolling over. So far during this entire bear market every time the 20 has turned down it has led to at least a significant decline and in most instances a major leg down.

The fact that everyone seems to know that the day before the 4th of July holiday is almost always positive has me wondering if too many investors got long today looking for a "sure" thing.

I've got news for everyone, there is no sure thing when it comes to the stock market.