No Slowdown in Sight
We have melt-up action today and, so far, the bulls are showing no sign of slowing. What set it up was the opening strength not being sold like it was Tuesday, and then once we made a new intraday high, the dip-buyers, who were waiting to do their thing once again, suddenly turned into chasers.
It is extremely lopsided action, once again, with excellent breadth. Of course, volume is nothing special but that seems to be routine these days. Big volume accumulation days are nice but seem to be irrelevant as an indication of momentum. ...252 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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