Volumeless Rally

P

PohPoh

There is no momentum or heat behind this SP rally...
None...
I think the Nas will outperform the SP significantly over the next 3 or 4 months...
I hate this market right now...
Charts look ok (despite the weak volume) but I am thinking we don't break the yearly highs....

Either way, the downside is much greater than the upside, in ma opinion...
 
Quote from PohPoh:

There is no momentum or heat behind this SP rally...
None...
I think the Nas will outperform the SP significantly over the next 3 or 4 months...
I hate this market right now...
Charts look ok (despite the weak volume) but I am thinking we don't break the yearly highs....

Either way, the downside is much greater than the upside, in ma opinion...
More...

^^^
May not be much mo, volume or heat;
but that is secondary to price.:cool:

Am smaller /long than most of year, higher cash %;
but sure dont regret longs.:cool:
 
Price action and price momentum has been very strong over the past few weeks despite the weak volume. Also, investor sentiment was very favorable a few weeks ago for a decent bottom. Still, the market here is very overextended.
 
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