Once again the market that just won't die proves it's made of industrial strength as it squeezes higher. No major tells have been made today as we are still range bound. It sure looked as if the wheels were getting ready to come off when the DJIA threatened it's line in the sand at 10575 but it did hold and pushed higher once more giving it a little breathing room.
As the days pass here, I believe we are quickly approaching a decision point where we either get a more serious retrace or we bust higher yet again. Either is possible and it's best to keep your positions at a comfortable size until the market tips it's hand. You can't totally discount the trend despite the warning signs but until those signs actually bear fruit, it's just more water under the bridge.
As the days pass here, I believe we are quickly approaching a decision point where we either get a more serious retrace or we bust higher yet again. Either is possible and it's best to keep your positions at a comfortable size until the market tips it's hand. You can't totally discount the trend despite the warning signs but until those signs actually bear fruit, it's just more water under the bridge.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home