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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

18 August 2005

Rally

The market enjoys its first rally from intra-day lows -- right on schedule and as expected. (From yesterday's post, Squiggles: "This post also should align with a short-term (intra-day) downside completion to this phase of the decline (more intermediate term weakness likely during the next 4-8 weeks). I expect a reversal up and back into the sideways trend, as early as mid-day today or tomorrow.")

The rally - so far - is robust, and gathers momentum. But will the marke close higher than the intra-day recovery highs, perhaps even a positive change for the day? Only her hairdresser knows for sure!

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