Thursday, September 21, 2006
At the market lows in July, we featured a forecast from technical expert
Richard Rhodes in which he took the very contrary position that “the one thing nobody expects” would be a market rally to new highs.
Now, two month later with the Dow in striking distance of that high, he takes a ever more contrary position – suggesting that risk-oriented traders should now consider a “pair trade” by going short the popular tech sector and long the out-of-favor oil services area.
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posted at 9:48 AM
