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Friday, April 02, 2004

Overbought and staying there. The employment number was higher than expected and a rally ensued. Dow up almost 100 points. Did not get any calls. GE and MSFT both up good today. Advance/declines weren't all that good. Volume good though. We need a rest soon. Might try to time that. Bonds got killed today. That money might migrate to stocks. New high for the year coming up? Maybe but I don't know. How long can it stay overbought like this? As long as it likes I suppose. But I'll probably be buying some OEX puts on monday...

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