What a day for bulls today

What a day for bulls today ! Although the market didn't gain a lot today, the bullish momentum is still pretty impressive !

GOLDMAN SACHS (GS) has been in the 150 benchmark ! It is already up more than 300% since the low of 47.41 ! Such a powerful run means this bullish run up wave still has a lot of room to go up !!

Intel's stock price sored after the earnings report !

More import, I noticed that today when the US dollar is up, and the oil and the gold is down, but the US stock market is still climbing up ! That's a very good sign !

Tomorrow, the market needs to break out some major resistances, as marked in the chart !



1 comment:

  1. (中短期)大市的走向,并不取决于基本面,也不取决于一两个公司,也不取决于oil,currency.而是取决于市场pshchology.比如现在的市场,基本面并没有什么变化,变化的是人的心理.市场心理的变化,就象钟摆,从一个极端走到另一个极端.from a scenario that everything could go right, to a scenario that everything could go wrong.
    所以一但trend确立,会一直进行下去.这个可能性不是50%,或70%,是99%,(1%留给不可遇见的天灾人祸.)
    什么时候市场到Top? 到le观情绪极端的时候.
    市场总是按一定的轨迹走,人们摸不到这个轨迹,并不是市场没有轨迹,变化无常,而是人们自己的判断错误.

    ReplyDelete