AI
Friday, March 12, 2010 8:50:24 PM
The market has gone up every day for the last 2 weeks.
I suppose it can go up everyday next week too but at some point the MMs will pull the plug. Again, not saying Armageddon back to 8,000 on the Dow....But a couple hundred points off the Dow would be very healthy.
The SPY has gone up every single day for the past month. LITERALLY! Only 2 red days going back to February 16th which will be 4 weeks ago come Tuesday.
In the first 10 days of the month here is how the indices have performed:
$SPX: 4.12%
$INDU: 2.9%
$COMPQ: 5.78%
$RUT: 7.64%
$NYA: 4.66%
Hammer candles put in on the QQQQ, SPY, and DIA daily charts today, not that it means anything...
^^^^^^^^^^^**Note all those green volume bars on the QQQQ/SPY last couple weeks**^^^^^^^^^^^
I suppose it can go up everyday next week too but at some point the MMs will pull the plug. Again, not saying Armageddon back to 8,000 on the Dow....But a couple hundred points off the Dow would be very healthy.
The SPY has gone up every single day for the past month. LITERALLY! Only 2 red days going back to February 16th which will be 4 weeks ago come Tuesday.
In the first 10 days of the month here is how the indices have performed:
$SPX: 4.12%
$INDU: 2.9%
$COMPQ: 5.78%
$RUT: 7.64%
$NYA: 4.66%
Hammer candles put in on the QQQQ, SPY, and DIA daily charts today, not that it means anything...
^^^^^^^^^^^**Note all those green volume bars on the QQQQ/SPY last couple weeks**^^^^^^^^^^^
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