Fari Hamzei
A very wise woman once told us at a Southern California Technical Analysis meeting: "Trust Your Indicators" (keep that in mind as you read further here).
Well -- Tax Selling started early this week with the FED minutes showing the concerns for future core inflation is on the minds of Board of Gov. of FRB.
I would add this, if the rally we have witnessed from Mid-March was based on a FED rate cut assumption, then with today's release of FED Minutes, further wash out is a given.
Brace yourself and get rid of your least desirable stocks. Keep in mind, the daily and weekly trends are still up.
Editors' Note: This was filed with Timer Digest on April 11th, half an hour before the cash market closed.