Keep in mind, I am not following the markets closely at this time, but I would begin anticipating a pullback of the move up from the 3/12 pivot lows, if the pullback has not already begun.
Glad to see you came back and didn't allow the idiots to prevail!
Basically I would agree with you if I knew what you said, but because I find your comments almost as accurate as mine, I will agree wholeheartedly with what you have said, whatever that is...ROTFLMAO
Watch for a higher volume day that will satisfy the pundents calling for the need for high volume to justify further advance. But the volume will be generated by retail who actually believe this is "the one" but it will be sustainable. We will pullback far enough over the next week to flush them out once again, so a reload at lower prices can reoccur.
The impact of SARS is being underestimated. and like Canada pronouncements of 10's of billions in shortfalls to GDP will begin surfacing like little submarines throughout countries over the next 6 months.
The shorts will begin playing it up and appearing on MSNBC to provide guidance to the masses. Their call will be to "vacate the market" because its a piece of crap, and the cycle continues.
We could prolong this ralley into Friday if we were able to generate enough mommentum today that some of the "dumber institutions" believed in it too. So if we take out a couple of what appears to be reachable Nas S&P numbers then we may be able to carry it into Friday...beyond that we will drift aimlessly downward.
I luv the markets.
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