The Bad Luck Bears
The bears keep hoping for something to serve as a catalyst to reverse this market but, so far, they are out of luck. They are even trying to spin the potential delay of the debt-ceiling issue as a negative but the market disagrees. When you are short, everything looks like a good reason for a selloff.
I suspect that when the market does reverse, it will occur intraday, after a strong open on seemingly positive news. A negative reaction to good news is when the market starts to top. All we've seen lately is a positive reaction to good news. There aren't many signs of fatigue, although upside momentum has been limited....85 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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