IMAGINE IF.........

I know it is hard to IMAGINE, that world's biggest economic issue MAY be on the verge of getting resolved.....


YES..... every FRUSTRATED trader & Investor knows, it is European debt crisis.


European debt crisis have PLAGUED world markets since 2008......


Since 2008 which is four years & seven months of S&P 500 going nowhere.....

Last Thursday, when most traders & investors were feeling utmost hopeless & were packing it in......came the word from Mario Draghi, President ECB, that this endless problem of Eurozone CAN be solved.

On Friday, French President & German Chancellor affirmed the same DESIRE.


So far we got ECB, France & Germany on side..........


Market TAPE CAN sometimes, ACCURATELY predict events before it happens......Thursday's & Friday's back to back major move may be more than telling.


On July 24th, S&P 500 low was 1329, in next three days or 72 hrs, S&P 500 went to 1389...a move UP of 60 S&P points or 4.3%......


On June 25th, S&P 500 was sitting @ 1309.27, after a month & two days, it ran to 1389, a gain of almost 80 points or 6.10%........


The point, i am trying to make that when investors & traders are extremely pessimistic, then it is TIME to buy aggressively, because in a very short time, a rally may emerge to give you a good gain.


It IS important to monitor technicals & sentiments... which has defined oversold & overbought extremities.

CLUES are "in the market TAPE" NOT on CNBC.

Friday's rally was extremely broadbased, which IS the-biggest indicator of good things to come.

Based on the "intensity of this rally"..it is a safe conclusion, that we are headed HIGHER.

S&P 500 new high is in "bullseye"....

1422 may be history before you know......

Stay engaged with this TAPE......it has all the hallmark of a major bull run.

BLOG does NOT give buy or sell.

Saleem