HIGHER THAN YOU THINK, PART II

HIGHER THAN YOU THINK, PART II

The jobs report came in better than expected and we got a pop above resistance that has held and even run throughout the day. Overbought is becoming more overbought, which is very bullish. Tape action and technical action and the overall setup tends to favor a run back to the 2007 high rather than a top soon followed by Wave E down. Here's how I see the market currently:

CONTINUE READING:

HIGHER THAN YOU THINK, PART II

http://bit.ly/AcF8oj

Need some help staying on the right side of the markets? Join the BullBear Traders room at TheBullBear.com. You'll get this kind of timely, incisive, unbiased stock and financial market trading, timing, forecasting and investment technical analysis and commentary daily. It's free to join, no credit card is required and if you like my work you just make a donation at the end of each month.