That is how we all feel in initial stage of new bull market.
A pull back here is possible but not more then 2 - 3 % decline, I do not expect even a 5 % decline before OE. Bears are crushed here, we like it or not it is a good short squeeze, look how we are moving 1.5% every day. Bear rallies do not have this characteristic. As long oil is dropping there is no chance market will revert. Russia and Georgia conflict have no impact on market although there will be a huge change in the region and we loss all credibility among friends by this administration behavior.
Happy trading.
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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