Forget Fortune Telling

One lesson this market has taught us quite emphatically the last few years is that you had better not rush to call a top when it is uptrending. Once again, we are seeing a straight-up move that is killing the anticipatory bears who keep trying to call a market top. Not only does this sort of action kill the bears, it frustrates many bulls that are underinvested and don't have pullbacks to buy.

One of the puzzling things about these V-shaped moves is that they don't seem to generate the sort of euphoria like we'd see in the pre-Great Recession days. Perhaps it is because the action is driven more by liquidity and computerized trading than speculative traders....203 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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