Friday, August 3, 2012
Dip Gobbled
The market wants to go higher, the dip yesterday down to 1350 support was quickly bought and not giving investors time to get in at lower prices. Even with the disappointment from the Fed and ECB, we are back above the close from last Friday. Good price action on disappointing news is a sign of a bullish market. The economic data is just a distraction, its what will Ben and Mario do? That is all that matters.
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