- Tomorrow's Forecast: The Bull Is Here
- The rally in the final hour had volume, developed without receiving much attention unlike previous rallies, and occurred in the final hour of trading (first in a while). These are all very bullish signs making this move look suspiciously important.
- Tomorrow: Farewell bears indeed. Everyone expected a notable event to mark the turn of the market but this may be the best way to do it. Quitely, unnoticed. I, too, was left unconvinced to the very last second and didn't pull the trigger on the Calls. On any decline, I'm going to pick up Calls tomorrow morning. Regardless of how strong or weak the rally turns out to be, the momentum will be to the upside after today. Buy Calls. Next stop, top of trading range on daily, also coinciding with 50 day moving average line.
Savy, young traders putting everything on the line for a piece of the big pie...
Tuesday, November 18, 2008
R.C. Market Report 11.18
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