tradelite--that was a thought i had on why the market could correct, but then i asked myself, when they sell, where are they going to put the money? back into the market, so the net effect of profit taking should be minimal, i think what could derail this market, is missed earnings by one of the biggies-cisco, lu, intel, microsoft, etc, that would have a ripple effect, if we get through earnings season, then we will have the fed meeting in february to keep a lid on things, bottom line-new money pouring in will take this market higher at first of month, no pre-warnings= we continue higher, fed worries could then lead to profit taking but from higher levels, im looking for dow 12,000 + by mid january though, then probably sharp, steep wash and rinse at end of january/february, then another rally starting from much lower levels, lots of mine fields out there, but you gotta go long till your wrong, and like rande says PROFIT OFTEN
LOOKING FOR ANOTHER GOOD WEEK THIS WEEK, as long as people are worried, we will be ok |
