Tuesday, September 20, 2011 7:14:31 AM
I don't know... a gradual return to the highs is my guess as the Europe overhang (dollar strength) is gradually going to go away but meantime provides bricks for the "wall of worry" as the best stocks fight through old highs... the computers have generated this pattern with two rounds of QE... my guess is those computers are humming and planning out the trajectory of the next arc.
Dollar strength gives Bernanke breathing room to print more money with less inflationary consequence.
Lots of charts just had two closes over the 50sma... friday and monday... over a quad OEX weekend and most everything had strong runs at the end of yesterday... Italy downgrade shrugged off by european markets... time for a rally.
Dollar strength gives Bernanke breathing room to print more money with less inflationary consequence.
Lots of charts just had two closes over the 50sma... friday and monday... over a quad OEX weekend and most everything had strong runs at the end of yesterday... Italy downgrade shrugged off by european markets... time for a rally.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
