R.C. Market Report 10.30

• Market Trend: Neutral

• We finished up nearly 200 points but it sure didn't feel that bullish. As you can see from today's low volume, we didn't have a lot of buyers. However, we didn't have a lot of seller either. This rally looks extended, tired, and out of ammunition. A pullback that doesn't threaten the low would be healthy for this market.

• Then I started thinking about another scenario. This would be a case where buyers come in tomorrow in full force without a pullback. As stocks move higher and traders, as hesistant as they'd be to chase, will be forced to chase. No one wants to miss out on the fast and furious rally that everyone is banking on. The reluctance to buy right away will provide the bullish momentum enough firewood to burn for longer duration. I can see this happening because the big rally has to catch traders off guard somehow. Tomorrow can be that day.