Not a Worry in the World
After the worst two-day period of selling so far this year, the market quickly reverted to "not a worry in the world" action. It started a little slow this morning as the bears made one attempt at the open to fade the strength, but when that didn't work very well it slowly climbed higher and finished the day at the highs. Volume was light but breadth was solid at over 2-to-1 positive.
In the old days, I'd be very skeptical that a bounce like this could continue. I would expect pressure to kick in as folks who were burned \Wednesday and Thursday look for exits. But in the new world, low-volume bounces have a tendency to keep on running. It may not seem very logical but that may be exactly why it tends to occur....134 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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