The market's set to gap higher at the open today. The futures are indicating gaps that will take the market right to the area of the June highs. What kills me about this is the reasons I'm hearing for the buying -- relief over no terror attacks over the weekend, and that the dollar is rebounding. Wasn't the weakening dollar the alleged reason for all the buying several weeks ago? But now a strengthening dollar is a good thing? I wish the media would just stop coming up for reasons for these moves. This is why I try to just focus on the charts. Case in point, my previous point about Europe slashing growth. The European markets are all up about 2% following that news. Buy, buy, buy...
Flying High
Essential Reading
This work is licensed under a Creative Commons Attribution - Noncommercial - No Derivative Works 3.0 License.
- Even if you don't have perfect credit, you may be eligible for a $500 payday loan. Apply today and receive cash advance by the next day, all via the Internet
