Stock Market Analysis - 07-02-2008

July 2, 2008 · Filed Under Broader Market 

SPY Daily Chart

That bounce was short lived.  Oh well, it’s better to be sitting on cash and missing a strong move, rather than being in positions going the wrong way.  It’s always tough to watch huge moves that you aren’t participating in, but patience really is the key.  I’ll keep waiting for a better short entry point since I really think this market is getting oversold.

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