The market consolidated again today which, in almost every case (sideways action), means that the market will continue higher.

It’s making it’s way to the 61.8% retracement level on both the DOW (11,247)
and the S&P 500 (1227).

We are waiting now for the best shorting opportunity since October 2007 when
it hits these levels.

A subscriber asked me what will possibly cause the market to go down
at this point.

The answer is never revealed until it happens but I’m guessing that it could be
any one of dozens of reasons:

1. The Health Care Bill backlash that’s building
2. The Tea Party momentum
3. The Greece debacle that’s starting to boil (Greek credit default swaps are hit a historic high this morning)
4. Excessive government debt and lack of bond buyers
5. Goldman Sachs fraud – it’s just the tip of the iceberg
6. And much more…

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