Thursday, June 11, 2009

Weak Selling Forces




well, that was an 'ugly' close or was it?? felt ugly. But nothing has changed, we are still in neutral patterns with bullish bias. Back inside the trading range. Dips should continue to be bought that's what MACD is telling us at least. So tomorrow, don't be surprised if we open lower but eager bulls and nervous shorts should take the markets back up again. I believe the market is NOT done going up. The selling forces behind what looks like 'tired' upside moves is just not getting the job done so all this is just building power to propel us higher in the days/weeks to come.

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