Why do I entitled this rally as a sardonic rally? The reason is simple, because the way I looked at it, it is not a true blue rally but a rally to redistribute more stocks. The more it rally, the more suspicious I got. However as compared to Dow Jones, the Dow rally is more sustainable and remarkable. Now, I am not pinning any hopes on this rally but the moment it turns big time, I will be shorting. Yesterday, I warned of a tricky market where one should look to book some profits first and true enough, the market was almost dull for almost the whole day where no good amount of money could be made. With today being a public holiday, I will be planning my trades for prudent execution tomorrow.
Ronald K
