The March Higher Continues
Today's action is a particularly good illustration of how strong markets have a tendency to stay sticky to the upside. Markets that go straight up don't just reverse suddenly and go straight down. It is very rare for markets to collapse when they are hitting highs.
It takes a while for topping action to play out. There are always late comers who have missed much of the move and they are looking for entry points on any pullback. In addition, there are the premature bears who end up servicing as short squeeze fodder. Performance anxiety is another driver that tends to keep markets running. People have a tendency to be more worried about missing more upside than they are about being caught in a reversal....205 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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