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Sell in May

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HateGauteng
Super Contributor
Wonder if its going to be sell in May? Last years was a bit disappointing.
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11 REPLIES 11
richardw
Super Contributor
Agreed. Totally useless sell-in-may. This year hopefully we get something with a bit more pizzazz.
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HateGauteng
Super Contributor
Seems like its started. Looking at the emerging pattern on the dow - its been a while since I've seen a decent profit taking pattern.
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Quakedog
Super Contributor
Ye we should go down till Thursday, need to be in on Thursday pm. Unemployment report out Friday in States and it should be ok and we should see a rally again!
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Not applicable
one last bounce me thinks, lord knows these dead cats have 9 lives,.. Monday May 17th could be the start of the sell if i were to have a wee look up ahead,..
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louisg
Super Contributor
SAIL in May and go away perhaps, but sell because it's May......TWADDLE.
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HateGauteng
Super Contributor
weeeeeeeeeeeeee . . . down we go.
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Quakedog
Super Contributor
I call it Thurs PM to be in again!
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richardw
Super Contributor
Could be, although I reckon the Greek COSATU is just getting warmed up. They're going to default at some point. I'd guess 65% chance.
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doomsdayza
Super Contributor
TOPI is on support trend line touching 3 Mar 2009 -> 8 Feb 2010 -> yesterday. TOPI 12 day EMA now < 26 day EMA (& therefore MACD gone below 0). S&P500 ($SPX) is touching its 50 day EMA. bounce off support is possible so wait and see i guess.
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doomsdayza
Super Contributor
personally i'm short fwiw. if this is the start of a new trend then i'd like to get in now at the beginning. and honestly wtf cares if it happens to be in may.
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HateGauteng
Super Contributor
How low for today can it go? Alsi, TOPI, etc??? I'm finding it difficult to determine where to take profits on a daily basis.
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