Friday, July 28, 2006

The Market is Running Wild

The market is advancing with volume in mid morning after the slow down in GDP grow. Normally this is bad news for the market, but with the FED hike in the background, this proves to be good news for the traders. Can this be the signal for the bull run again.

Before I jump in with full forces, I will have to watch if this run has any substances, such as big volume spike and leading stocks are making new highs. Do you get a meaningful follow-thru? In the mean time, build your stock watch list for potential buys.

I guess I was wrong about the market heading downward toward 2000 for the Nasdaq market. Nasdaq 2100 is coming to the bull run near you now.

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