This is NOT 2008 market where trading out was the only game in town..as markets kept going down ,down & more down....
This IS a market which IS going UP,UP & more UP......
So called pundits have been predicting sharp correction since March lows on a daily basis....they never give you a "convincing reason as to why this dreaded pullback is IMMINENT"
Market alway's "looks ahead"
Market TAPE has been "predicting a much stronger recovery" than highly paid strategist who keeps talking about a W recovery......
I only listen to the message of the market & follow the TAPE......
Market TAPE has been very strong ......
So ..did you get any "convincing reason" from sage Cramer yesterday that this market is going down 5%...any stat or any chart or sentiment analysis..NO..just I SAY SO.......
Nasdaq closed GREEN on good volume...
Dow & S&P 500 almost made it into green on heavy buying......
As reader of this BLOG knows that the trend of this market is decidedly higher....we ARE @ new highs in RSI in the last 4 months in every indices...even higher RSI is telling you something HAS changed for the better in market......
Yes there will be pullback when all the "doomsayers will say market is OK"...then I will sell...for that RSI has to enter 80.....
Also keep checking CMF..which is @ highest in Nasdaq & close to high in S&P 500 & Dow.....
When there will be a correction then a "new support point will form"
Until then.... enjoy the ride UP......
Stay diversified in many sectors.
BLOG does NOT give buy or sell.
Saleem
No comments:
Post a Comment