The market just took off, did AA say they were just kidding about a slow down. Did the fed announce a rate cut? Surly their was something that happened to cause this surge.
Anyway, stocks were due to breakout after nasdaq retouched 2095 level .Soo much buying pressure now. Idiot to short. Lok how undervalued the S&P dow is. So much cash being genrated stock should be much higher. The fed rate hikes are OVER. And who gives a rats @ss about india train bombing. Its not like it happened here. Thats the cold hard truth, lefties.
There were some key spots hit on all the indices today, the bears just didn't have enough left to push it through any longer and they don't like it when the honey jar runs dry at key spots.
I was wondering, are there any technicians out there using Magee's trendlines rules for trading? If so I would like to connect. Thanks.
