Wednesday, November 15, 2006

EXPECT MORE MO-MO ACTION

This market will go up until it goes down...and only the market masters know when that will be...

The economy is slowing...the consumer numbers will deteriorate...but the year end bonus quest for the money managers trumps everything right now...

THIS MARKET WILL GO UP UNTIL THE MARKET MASTERS NEED TO REPLACE INVENTORY...THEN IT WILL GO DOWN FOR A DAY OR TWO ON "TECHNICAL" REASONS...THEN SLOWLY BACK UP AGAIN...

Bonds, oil and gold should start to kick in as negatives if things go too far to the up side...

So essentially a range bound market with little "real" happening...all resistance toward a soaring Dow has abated... Even the Iraq news today was all Happy Face...amid the death and destruction...!