All Indices had back to back gains..a sure sign of technical strength....Volume was heavy in Nasdaq.....
Many theories are floating around about this market....BUT it keeps changing each day....most pundits are fighting this TAPE and are trying in VAIN to call a top for this run...they have been WRONG most days...i wonder how they are trading...must be a "yo yo style"
This market has a simple message...Follow the TAPE......TAPE has NOT shown any weakness since early July correction.....
Every market has its own pattern which is never duplicated ...we are in the process of creating a history which most of the seasoned & experienced traders are NOT getting it.......
AH CTRN ER was a miss & weak guidance Down 11.62%
AH Futures are green
AH Nikkei is UP .26%
STP reports before open...expecting a beat & good guidance....
BLOG does NOT give buy or sell.
Saleem
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