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PHAZAR CORP Message Board

  • Tangeran Tangeran Jan 4, 2005 4:37 PM Flag

    watch the market rebound

    tomorrow, and this will break new highs.. very likely with today's close

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    • Maybe. This is a strong market but I have been saying for over a month that the market is screaming for consolidation. We need a big one to build sustainable growth from this point.

      Notice how the biggest volume spikes have been on sell offs. Sometimes it takes more than a day to set things straight. We have been avoiding this for a long time.

      Such corrections usually cause major portfolio adjustments which leave many old darlings behind. It is a healthy rotation that weeds out the bad investments and trading styles sapping strength from the market.

 
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