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Pastimes : The Philosophical Porch
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From: Rarebird11/10/2009 9:52:39 AM
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Transcendental Market Fragments:

Sold TWM 28.80.

The Market:

Yesterday, the G20 announced that stimulus should continue and it seems to have made a difference to the markets.

Yesterday's rally was not unexpected, but the strength it showed was.

There was enough strength yesterday to consider the distinct possibility of a new upleg.

Although I don't see confirming evidence which would state unequivocally that a new upleg has already begun, that confirmation may yet come. Considering the very positive money flow in the Dow, it's a real possibility. In the past, strength in the Dow money flow has been a "preventer" of significant corrections, so that would fit with the idea of an aborted correction here.

If positive money flow continues, I'll be forced by the market's action and internal strength to side with the Bulls that a new upleg has begun. I'll let the market tell me, though. Waiting for confirmations can be costly. What took place yesterday was a very big eye opener.
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