Tuesday, February 2, 2010

Bull Stampede

Relentless buying all day.  If we don't drop significantly tommorrow, it will be a sign that we're going to edge higher into the weekend.  I'm staying short, we're right near resistance of 1103 which was the Bernanke and Obama highs from last week.

4 comments:

Anonymous said...

Damn dude you tried to apply last weeks trading to a new week.

Dude, if you held that long from 1168 you'd have enough to cover Obama's budget deficit.

Anonymous said...

I think I can see eventually a high of 1130. But I can be wrong. Then again I can be right.

nicasurfer said...

You are brave!

Petsamo said...

This market can drive higher than previous highs, around 1150. Thank goodness I'm still 65% long. It'll all depend on the institutions. Individual investors/traders cannot drive this market. I'm crossing my fingers hoping we drop - this week.