17 September 2010

17 SEP 2010, Constitution Day

  • Retail sentiment has been going through some rather violent swings during this sideways range.  Right now, they're as bullish as they get which can be a warning of risk since they are not often correct.  As an aside, the newsletter writers are more toward bearish.  Would love to see both of these groups giddily bullish.  Alas, can't have everything.
  • Market has been on a straight upward tear unusual to normal price action...challenging 1135 area soon.  They're hasn't been much to say.  Will this thing turn bull or turn bear?  Watching.  Today's Option Expiration Friday...perhaps Da Boyz have ramped it this high to cash in on the cheap options they bought in early September?  




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