Going higher?

Sell long positions from the dip into this strength and start shorting. I feel good being short into the weekend. I expect interest rate increases from either Japan and Europe to take place next week sending the markets lower.
 
Yes, surprised by the seemingly out of the blue selling volume that showed up right at the close. Had been very little selling volume entire day, at one point >25:1 up volume, ended <10:1
 
Quote from heidegger:

But it just doesn't feel right.
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No, definitely not. I went long today and made a few bucks. But if there was any reasonable amount of broadly based bull sentiment there should have been at least a couple of nice uptrends among my picks. Instead, there was just absolutely lackluster, anemic, foot dragging. It was enough to tell me we're definitely not in a bull market. Maybe things will turn more that way next week. And of course since this is the Friday before Labor Day, volume is also off.
 
I agree, I'm guessing the market will be down Tuesday. Construction Spending report is due. Last five have produced down days. Three out the last five post-Labor Day weekend Tuesdays were down days. In 02, the market dropped -355. Hope we're not going back there.

Good news doesn't last long in this market--about a day. Buy on the dips.
 
Quote from heidegger:

Good economic news. B&B are tracking the subprime situation. Most charts look ok.

But it just doesn't feel right.
More...
Not yet.

Wait a little more.
 
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