Friday, April 29, 2011

Another Momentum Market?

It sort of feels like another one of those classic don't ask just buy markets. Straight up moves with no pullbacks, not much volatility, low volume, and lack of retail participation. I don't think too many people expected this market to be above 1360 this quickly, so its a very strong market, bullish sentiment or not. The price action has to be respected.

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