I know you are asking yourself when will this market go down? Well, obviously the answer is never. It looked like we might get a needed drawback this morning then Don Rumsfeld cut and run and boom - for some reason or other the market said that's good news let's go up.
I will not give up - for tomorrow the up/down ratio is once again totally neutral it can't get any more neutral than 50% - this suggests that nobody knows what the market might do. Then the new 20 day highs put on over 100 today to 835 and the new 20 day lows took away 18. This suggests that while people continue to buy overbought stocks they are afraid to sell them.
The three sisters are mixed 1 red, 1 white, 1 doji while the ugly stepsister (IWM) finished a strong white and the proxy for the 22 century - GS - finished red. That's as mixed as it's going to get.
This all sums up to an up day tomorrow but for the life of me I don't know why.
Meanwhile the magic coin loses another one and prints 27 wins 15 losses but it doesn't give up either - for tomorrow ... heads - bull market.
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