Saturday, August 22, 2009

Coming Week Will Be The Battle For Bull/Bear Title

Markets reversed the early break on the week and rallied to make new highs for the move since the March lows. Bears have had to take their lumps as market technicals have pushed into over bought configurations not seen since October of 2007. But there is no place to hide if you are short as anyone knows who bullishly road the break and eventually the oversold idiocy of late winter 2009. Now the idiots are long and some are arriving late to this rally. What might have been a healthy test of correction lows for next week, had this weeks correction continued, now looks as if it will be the an area where the bulls attain price levels which will create the Bull/Bear lines for all price action remaining this year.