Monday, August 10, 2009

How Long Can This Euphoria Last?

It may go to 10,000 to 10,500. The only thing I'm sure of is that it won't do it in one day; or will it?

This market feels so manipulated that I won't be surprised at anything. Of course, when the Government is in control, one might as well study the stars, not the charts. A rocket eventually runs out of fuel and falls away from the vessel it propels into space, I suggest traders on that vessel to prepare for an inevitable return back to earth. That is unless, you trust the government to take care of all your ills, aches and pains upon your landing. Now that's something we can all stand behind: A traders bailout package. Yeah Government!

Who knows when it'll happen. Right now it looks like it has been cleared to reach 9600 without a hitch then 9800 so enjoy the ride, and I'll see you when you get back.

I, for one, need some time off. Does the market feel the same?

Happy Living, Trading and Dancing.