This rally is crazy! All the talk about the market recovering and that we are out of the recession. This is just a bear trap waiting to consume everyone who are ignorant enough.
Anyway the McClellan Oscillator is edging up. It is currently at 217 now which is indicating that this current rally is running out of steam. Even if it continues to rally, it would have to dip and then rally in a wavelike manner. My opinion is that it would dip and then crash. We shall see in 1-2 weeks time whether this rally has legs.
Thursday, July 23, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment