Going Up on Gaps

Most of the gains have been made with gap ups, you have another one today.  The fuel that took us up so quickly last week was a lot of short covering on money printing hopes and EU optimism.  It is a repetitive cycle, you would expect the traders would calm down and not crash us down or squeeze us to death but that is how the funds roll these days.  All are in the same boat and chasing moves until you get critical mass, and then you go back in the other direction.  Eventually the Europeans will print their way out of things, and we'll move on to the next story.  I don't expect this kind of trading to last much longer.  We'll be back to a grinding higher market in a couple of months.