Expecting the Unexpected
If you believe in the power of patterns, you shouldn't be surprised that this market continued to bounce back on light volume after very ugly selling Tuesday. If you believe in the power of logic, you have to be shaking your head at how the market can rally on something as anticipated as a Greek bond deal. All the worries about slowing growth in Europe and China were forgotten as Greece was the only thing that seemed to matter today.
Something is going on under the surface of this market that pushes it to move contrary to the conventional wisdom. Situations that you think would produce a sell-the-news reaction turn into catalysts for more buying. Extended markets become more extended, and when sentiment is too bullish, it becomes even more positive and creates more buying....194 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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