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Re: None

Tuesday, 03/13/2012 10:51:45 AM

Tuesday, March 13, 2012 10:51:45 AM

Post# of 8321
Last time, I said that we had the type of set-up that can drive a rally for quite a while. In fact, the end of the quarter alone will bring buying from advisors who are under-exposed and not wanting to explain this in their quarterly reports. The technicals are a bit overbought, and Momentum is up in Sell territory. Of course it's also still heading up. The options are pretty neutral in here and the message board sentiment is too. We can correct on data like this, but I think it's just unlikely to get any traction. I'm looking for a top late Today, then down a bit on Wednesday, and then higher on Thursday and Friday. That sounds reasonable.


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