In 3 or 4 hours this market is likely to be a sleeper in terms of volume. That will leave even more opportunity for the programs to jerk the market around. This market has continued to provide little opportunity for those that wish to exit or to enter to do so. Yesterday we gapped up and held that move all the way to the close. That's pretty bullish behavior and continues to reinforce the idea that any kind of a top that is to come is a ways off still as the first real pullback is likely to be bought.
After today we have but 7 months left in the year. It has been an agonizing year to try and make money in the markets and all the primary indexes continue to show red on the year even after these last 2 weeks of non-stop rally. I don't know that it's going to get any easier either as we move through the remainder of the year as it's likely to be more of the same. There have been 3 good moves so far this year and I've yet to catch the meat of any of the moves. Usually we only get 3 or 4 good intermediate term opportunities in a year. Maybe this year will be different and we've yet another 3 or 4 turns to go. With what I've seen so far in terms of fickle behavior, that may be indeed what we get.
After today we have but 7 months left in the year. It has been an agonizing year to try and make money in the markets and all the primary indexes continue to show red on the year even after these last 2 weeks of non-stop rally. I don't know that it's going to get any easier either as we move through the remainder of the year as it's likely to be more of the same. There have been 3 good moves so far this year and I've yet to catch the meat of any of the moves. Usually we only get 3 or 4 good intermediate term opportunities in a year. Maybe this year will be different and we've yet another 3 or 4 turns to go. With what I've seen so far in terms of fickle behavior, that may be indeed what we get.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home