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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.41+0.2%4:00 PM EST

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To: Al Greenleaf who wrote (7920)7/22/2010 3:36:09 PM
From: GROUND ZERO™  Read Replies (1) of 218310
 
The fact that no one believes this rally is exactly what will fuel this rally higher... disbelief and worry, two ingredients to make a rally... I don't want to convince you or anyone, that's not my intent, but as I see it the buy signal (and likely confirmation) today could not emerge in a more ideal economic environment... markets don't top with bad news and they don't bottom with good news... it's the other way around... they top when it seems everything is humming along perfectly, and they bottom when it looks like the world is coming to an end...

GZ
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