Thursday, March 29, 2007

All Pressured



Dear Readers, The Stock Markets are all pressured up. Buy Pressure has been growing and now has almost reached extremes. We waited for this time and thought tthat markets will decline to meet such a buildup. Now, the real character of this market will show up. If the markets move strongly higher from here, then we would know that it takes a relatively small buy pressure to take the markets up, which in English means "path of the least resistance is up". If not... you conclude the sentence. The Gold did what was expected fake the move up and then close lower. Yes it looks tired, but please do not get carried away with the weakness, this may turn out a stealth bull market where we see few rockets up, but a steady zig-zag slanting upwards. In any case early April lows are in cards. Ditto Energy and Currencies as well, which implies a strong(er?) Dollar for the coming 2-4 days. Good Trading

No comments: