good points green, to further those thoughts, the vix is at 21.19, big rallies do not start with the vix near 20, that is a sign of a top , not a bottom, the most bullish thing about the market is the dow breakout over 11,000, and the end of rising interest rates, that is all the good news, now what are the chances for a negative news surprise? big boys are on vacation, ipo's are sucking up dollars, oil is over $30 a barrell again, and everyone is getting excited?
i can see the mo/mo taking us higher, but i dont see "the real rally" from this level, the market needs to smack us with one more big dose of reality before it will show us the "real rally" imo, until we see that , i think i will continue selling into strength
ps rande- when looking for 7 digit gainers, are you counting the decimal point as a digit? <<gg>> |
