Monday, October 15, 2012

Will it be this easy?

The market hit a support point on Friday, 10-12, and today, 10-15 it got the start of what looks like it could be a multi-day rally, at a minimum.

The question I am currently pondering is whether its this easy here to just go to new highs, or if the market will throw a wrench in the gears and send out down after a lame bounce here.

Volume was ok today, and therefore you can't say that it was just a b.s. bounce.

Tomorrow will be interesting.  I want to see if the buyers step up and keep the fire stoked, especially if we see early weakness. With GS set to report, as well as some 9:15 numbers, it could be a qualified gap to start the session.


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