Resist Selling Into Strength
I must admit, I was a bit perplexed by the number of people interested in selling Wednesday's strong rally. A day of unequivocal strength with the charts of several growth names saying, "Look at me: I'm ready to go higher," and it's time to sell?
From my vantage point, Wednesday was a day of institutional buying. Major averages broke out over key resistance levels in strong volume. The September highs are now within reach. The session opened with a bang, the market held gains smartly and the indices rallied strongly into the close....342 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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