Friday, October 22, 2010
Gap Up Monday
Mutual Fund Mondays got moved over to POMO Fridays during this 2 month rally. But we still tend to have bullish Mondays so I expect more of the same as we are eerily quiet just a few points from the highs of this week. After the volatility earlier this week, it is odd and a sign that we need another push higher. Expecting a gap up on Monday and a run to surpass 1186.
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3 comments:
or a surprise gap down...
just a hunch...
A gap up would be a surprise. According to my spreadsheet, there's a 54% probability of a gap down.
i believe next week is a down week for markets. fed wants to do a mammoth QE, but won't be justified with a 6 week rallying market + better than expected GDP. Geithner also needs to save some face and rally the dollar. yes, tho they pretend to not know each other, geithner and teh fed sleep together
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