Not Playing the Top-Calling Game

The action today is a good example of why I keep warning about calling tops. Not only are the anticipatory bears getting slammed on their shorts, they are missing out on the long action as well. It is hard enough to keep up with this market if you are long, but it is downright painful if you are fighting it.

We have better than 3-to-1 positive breadth, and CNBC is breathless with excitement over the fact that the DJIA hit 14,000. All major sectors are green with chips, biotech and homebuilders doing particularly well....113 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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