Wednesday, August 31, 2011

Rally Skeptics

The majority seem to be skeptical of this rally.  I don't blame them, I am one of those rally skeptics.  But we keep making new highs each day this week despite the skepticism.  So  we need to build up some optimism before we can get a sustainable drop.  A better than expected ISM number and nonfarm payrolls number would do that in a hurry. 

2 comments:

Anonymous said...

I was thinking 1250, I now think we are done, down into Obama then up into Bernanke and then down again is the likely Sept roadmap

Anonymous said...

Data isn't week enough for QE3 I would short in the next 24-48hrs.