Call it the Bush rally or the Bernanke rally, but it's real, even though volume is light. AD lines are very bullish and the VIX is at lows. NQ should retest overnight highs. The volume is a concern, so I would not trust this for very long. Watch bonds and the 1987 level for NQ.
In any case, the bull/bear ratio told us that a big short squeeze was coming, I guess today qualifies.
In any case, the bull/bear ratio told us that a big short squeeze was coming, I guess today qualifies.
This entry was posted
on Friday, August 31, 2007 at 8/31/2007 11:57:00 AM.
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