The Bulls Hang On
The bulls are doing a nice job of holding on to the opening gains, but I'm not seeing a lot of chasing so far. The longer they hold, the more likely underinvested bulls capitulate and start inching in, but they aren't doing too much so far. Breadth is very strong at better than 5-to-1 positive, and all major sectors in the green.
If you are a trend follower, as I am, you are still sitting on plenty of cash and feeling a bit frustrated while you look for entries. The folks who have been averaging down for weeks are celebrating, but most are still sitting on substantial losses but they will conveniently overlook that at this point....66 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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