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Strategies & Market Trends : Groundhog Day
QQQ 625.58-0.3%Dec 11 4:00 PM EST
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To: Outer-limits who wrote (3811)5/8/2002 7:36:37 PM
From: Don Pueblo  Read Replies (1) of 6346
 
Today was a short squeeze, not a "rally". The vast majority of the buying was by hedge funds covering short positions. And it probably isn't over.

A rally generally means a higher high. The rest of this month will indicate if the market bottomed out on Tuesday.
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