Wednesday, December 16, 2009
Many indexes and some sectors are starting breakout moves. Needs to be monitored very closely as we approach xmas and year end which is historically a very bullish time of the year. Also it seems like many traders are expecting january 2010 to be a bad month and kick start a bigger correction. All this action is making think that we might be setting the stage for even further rally. Whenever key sectors like the SOX index and the TRANSPORTATION indxes break out, it's best to pay attention and not ignore these kinds of developments.
Posted by Stewie at 8:49 AM
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