Do we have to go up everyday?
- Thread starter myminitrading
- Start date
DO WE HAVE TO GO UP EVERY DAY YESSSSSSSSSS SIRRRRRRR
[BRIEFING.COM] So much for the bears trying to have their overbought argument heard as a renewed wave of buying interest sends sellers running for cover. The broad-based nature of the market's recent spike higher amid a surge in volume suggests that program trading is likely behind the move as well.
The Dow is rallying even further into unchartered territory as traders trained to view every dip as a buying opportunity use this morning's pullback as a springboard to jump back into nearly everything and anything.
The Dow is rallying even further into unchartered territory as traders trained to view every dip as a buying opportunity use this morning's pullback as a springboard to jump back into nearly everything and anything.
Wow just a normal day in the land of perfect, were the Dow rises every day, what are we at like 35 out of 37 up day?
From the WSJ:
"The path of least resistance continues to be 'up,'" said Bill Nichols, trader at Bear Stearns. "There's still a lot of worry out there," he continued, "but right now, negative sentiment is losing out to money being put to workââ¬Â¦. The money has not been made by betting against this market."
"The path of least resistance continues to be 'up,'" said Bill Nichols, trader at Bear Stearns. "There's still a lot of worry out there," he continued, "but right now, negative sentiment is losing out to money being put to workââ¬Â¦. The money has not been made by betting against this market."