What a market!! Every single high volume breakout is working. This is one of the best performances I have seen in a long time.. I will continue to buy breakouts until it just doesnt work anymore... its that simple... No contrarian crap... just going with the flow... --MIKE
yes indeed it is cool, even though the fundamentals aren't there. The turkeys are flying all over the place, fundamentals be damned, at least for now. I don't stand in front of steam rollers.
Wait the summer season and let's see what will actually happen. April historically is one of the strongest month of the year. We almost completed a triple bottom in March and the shadow of the Iraq war is mostly over. I was expecting a much stronger performance with less divergence from the foreign exchange rate and bond markets!