Tuesday, September 18, 2007

Equity Market Comment - 09/18/2007

Although the market continues to move up, the underlying strength remains highly suspect.

I have yet to get sucked into this rally as all the internals continue to call for a constructive re-test of the lows. Even the internals today for such a large move were very weak.

Keep your powder dry however and do not get sucked into the short term euphoria.


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