Friday, March 25, 2005
An off Friday. I did check my past McClellan oscillator readings. Previously when the oscillator got into the -300 level there were good rallies from that area. We got there on Wednesday. This was one of the reasons for taking on the GE trades. Also in the year ending in 5 theory, the lows for the year were always set in the 1st quarter, when there was a down start to the year as was the case this year. So I would expect some type of rally attempt next week even though I am very wary of these trades. I want to get out of the April GE trade as soon as possible. At least that's the thinking at this point. It could all change next week.
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