Stock Market Analysis

Sunday, May 20, 2007

The Bulls Rage On...

Explosive Option TradingWelcome back to the market after a relaxing weekend.

The Dow gained 1.73% or 230.31 points last week alone and the bulls still look like they are raging on endlessly. I identified a couple of points where the Dow might retreat from last week but never happened. In fact, I have never seen such a strong rally in the Dow since 1995! Even the 2003 rally did not go up like a nuclear engine rocket like it did this past 9 weeks.

The only question remains to be answered is, how much more?

This is a very difficult question which even I find it hard to answer. All our short and mid term indicators are suggesting a new bullish swing coming along... while I am skeptical, I see no reason to doubt and miss the game. This is a good time to have a good grip on the rein and get ready to go delta neutral at the first signs of weakness.

Technical Chart By Worden Brothers TC2007 Charting Software
Voted Best Software By Readers Of Stocks & Commodity Magazine Since 1993!

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