Monday, September 20, 2010
No Way Out
For dip buyers and shorts alike, there has been very few opportunities to buy. You either pay up or miss out. But this rally is maturing, and that means more two-way trading in the next few weeks. As I mentioned in my Saturday post, there needs to be fund money coming in to sustain the rally, otherwise we'll just go sideways.
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3 comments:
Sideways is fine. I've been making money scalping.
Just a note.
I actually missed most of last years gains because I didn't want to "chase" the market higher. It just kept going up and up and up without any real pullback.
Is it a repeat of 2009?
This is not 2009. That was a super bullish market, this is a market that is trading within a defined range, it just feels like it will go up like 2009 but earnings are not going to be the catalysts like they were in 2009.
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