Tuesday, April 20, 2010

10 Points from New Highs

From the news and the angst over Goldman Sachs, it would seem like the market was down quite a bit.  But we're only 10 points from new highs.  The damage was minimal and brief.  We are back to flight cruise mode.  I expect us to continue squeezing higher challenging the 1206 area.  The dip was just another buying opportunity.  As partridge said in Reminscences, "it's a bull market."

3 comments:

iv said...

i am short now OWl

Market Owl said...

Not a bad short entry, I am waiting till at least tomorrow. This market is pretty strong and I'm in no rush to get short.

Anonymous said...

CAGC 17.50 May calls were 1.35 yesterday. They are 3 today.