A BOTTOM...? NO WAY...
THIS MARKET IS JUST IGNORING EVERYTHING...
AND THAT IS NOT THE WAY BOTTOMS ARE MADE...
THIS WEEK'S ACTION...WAS ALMOST TOTALLY FROM OVER-SOLD CONDITIONS;
SHORT COVERING...
AND PERHAPS A FEW PENNY STOCK PLUNGERS OF EVERY STRIPE...
NOTE WELL...
THE RECENT WELL PUBLICIZED "BUYING SPREES" BY "THE PRINCE" AND THE MEXICAN BILLIONAIRE...OF CITIBANK STOCK...COULD IN ITSELF BE THE REASON FOR THE "RALLY" IN THAT STOCK.... AND TO SOME EXTENT THE OVER SOLD MARKET IN GENERAL....
BIG BUY ORDERS ON THESE STOCKS COULD MOVE THEM UP CONSIDERABLY...
