One manipulated gap up does not a rally make>>>>
dood, the time to be xsesivily bearish, when everybody is excessive bullish, over the last several days i read pervasive pessimism, crashes, melts and dives, on the threads.
the gap not only held but the market ran from the gap, that is bullish in my book.
in the la times business section this weekend, 4 of the 5 headline stories are as follows, "Falling Fuel Costs No Fix for the Economy", US - Mexico Bank Fizzling, "Emerging Markets Drag Investors Back into Hole", "Crisis of Interconnected Economies", two of these are from regular columnists that are usually pretty upbeat -g-
this all jives with rydex levels, while i believe we could have a set-back monday or tuesday, i believe 1200 spx will provide support, and this rally will end up taking the dow back to at least 11,000, but then i could be wrong and the crowd (and cramer) maybe right --ggg--- |
