The last few days have been a market that wants to go up....NO MATTER WHAT.
No amount of bad news would stop this market....but of course it is all RANGE BOUND and no one expects a big move to the up side here.
IN TRUTH THE MARKET SEEMS TO RALLY WILDLY ANYTIME IT GETS CLOSE TO 10,000. SO IS THIS THE "BATTLE FOR 10,000" THAT WE HAVE HAD SO OFTEN BEFORE.
YES!
Indeed, a great market "play" would be to automatically buy Dow 10,200....and then sell a few days later at 10,400.... IT'S ALMOST A SURE THING....THE MARKET MASTERS SIMPLY WILL NOT ALLOW THE DOW TO GO BELOW 10,000.
AND A SUB-10,000 DOW WOULD LIKELY TRIGGER MANY "STOP LOSSES" THAT COULD CAUSE GREAT UNPLEASANTNESS ON WALL STREET.
DOW 10,000 MUST BE HELD AT ALL COSTS.....AND IF IT IS BROKEN DOW 8,000 COULD BE THE NEXT STOP.
