The objective evidence shows that this is a very strong bull market, and the last recent low has had fantastic gains. On every timeframe the market is in an uptrend... any call to the other direction is just a guess. Of course, fading a trend is not a bad trade... but I see absolutely zero reason to expect some massive bear market to kick into effect. The bears are still trying to find their hides after this massive skinning.
Saturday, March 13, 2010
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