Running With the Bulls
The quick reverse of the big gap up this morning had the bears hoping that the market was finally ready to crack, but just as the indices tested yesterday's close, the buyers jumped in and drove it straight back up. It was an impressive finish at the highs of the day just as the bears were growing shrill about how we are on the brink of disaster.
In my opening post I discussed why it pays to stick with the trend rather than be anticipatory and look for reversals. Todays' action was a particularly good illustration of how trends can continue to run as the bears keep trying to call a top. It was very costly if you were in a hurry to short the market today....106 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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