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All I can to do in this limited amount of space is breifly describe what I see in the market or a stock at a given point in time
Outlooks or projections are purely speculative and can change materially at any time and without notice
Nothing presented here is intended to be given as investment advice
If you use any information presented here, you do so at your own risk

Tuesday, August 18, 2009

Short Term Bull but not with Blinders on

That seems to be the psychology of the market and is why I expect this market to work its way higher into 2010, provided that several moving parts dont get hung up. Financials, Transports, and Technology so far have begun their move and the rest of the market seems to be in a consolidation pattern that may continue into late October before it breaks out above 1018 to the 1150 target that many are looking for.

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