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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (44747)	4/21/2008 6:04:28 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69157

The old adage of sell in May and go away may still apply. Given the guidance from JBL that indicate the next 2 quarters will be flat to down for consumer demand, I think there may be less of a incentive to be in the market once the current momentum ends and the summer doldrums take hold. I have been nibbling a few laggards in the current rally, but I am not willing to be totally long at this point. I still have a high percentageo of cash sitting on the sidelines in my accounts. I might be a lot more long if I knew the fundamentals a lot better of specific companies on my watch list, but time constraints don't really allow that these days.