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Thursday, October 07, 2010

NOTHING LIKE A SOLID UPTREND
AND ALL TIME HIGHS!



The chart speaks for itself. New all time highs. Uptrend continues. And until rates finally stop falling and stop rising, the trend is your friend. Simple and to the point. Short term a pullback may be coming soon as we are up 12 of the last 13 days and we've gone 6 weeks without a pullback to the 34 day moving average. We mentioned this yesterday. At least this morning we start with an up open.

No news this morning and no upgrades or downgrades so lets forge ahead to the open and see where it goes. Dow opens probably above 11k with stock futures higher this morning.

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