Wednesday, February 2, 2011

Once Again The Fight Is On Tomorrow - Bulls Very Likely Winners Again

SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio

Once again the fight is on.  If bears can't muster up a good sell off tomorrow (at least 1% down), then they're going to get crushed once again. A market that can't be pulled down will go up.  It's really that simple.

What bulls need urgently now is for NAZ and RUT set new 52 weeks highs if DJI and SPX rally again.  Also, number of individual issues setting new 52 week highs both in NASDAQ and NYSE must start to increase again as indices go higher.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.