Monday, November 08, 2004

Market Thoughts

The market has rallied fast and strong! If you look at the charts, the market has basically come up to the top of the recent trading range. The SP500 broke out slightly, but not enough to negate the trading range just yet. As a bull, the one thing I don't want to see is the rally to lose steam and for us to begin back down. That would indicate to me that the trading range is still in effect.

What would be really healthy in my opinion, would be to see us consolidate by moving sideways, and then busting up and over the trading range.

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