|weeeeeeee! Up We Gooooooo!!!! LOL :P|
The S&P is up over 70 points in 3 days. WOW! IT has been a complete BEAR SMOKING to the upside here.
We warned our readers to not fall in love with the downside, when we were in low volume holiday trading and now you can see why :-)
Today was a good day in the market. MOC we had almost 7 billion volume to buy. Even though the markets are overextended, they can remain that way for a while. Bears have really been creamed in the last few days, and probably lost all hope. LOL :->
What is happening right now, is that we get all these little FALSE sell offs, and that has been tricking the bears. They have been trying to test the market on the sell side, they put in their buys stops, we rally up higher, then their stops go off like a rocket and that gives us more of a boost higher!
When you have NATURAL CASH buying or buyers in the market, like we do have right now they send us up higher and keep us triggering the buy programs and or buy stops up overhead. That's what I saw many weeks ago, and warned our readers and that is why we keep ripping to the upside.
Over the last 4 days, smart money has put $5.5 billion dollars to work in the broader markets. In laymen's terms this means in the short term, the markets are most likely to go HIGHER. YES!
I guess we can say that there is a little bit of risk here also at the moment. The higher the market goes up without any serious pullbacks, at some point we will get that pull back and it will probably be a good sized one.
Now we are above our important levels of 1440 and 1450, it means that we are possibly making our way to the 1485 - 1490 now, so prepare yourself. :-)
Already our members are off to a flying start for 2013, and we are only a few days in. :-)
Happy trading :-)
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