It appears that my dip is beginning to form. The market sold off slightly today in lower volume than the previous two rally days. Bulls rushed in to buy stocks after this morning’s gap down opening. This confirms to me how much money is on the sidelines waiting to be invested. I keep reading that people are not believing this rally is for real. According to Investor’s Business Daily, short-interest has actually risen in recent days. It’s possible that next week, which is month-end markup time for mutual funds, may produce a spectacular short squeeze. Hopefully we’ll get a decent dip by early next week so I can cover my QQQ short position and get long some stocks.
