Somewhere Over the Rainbow

Maybe Time to choose sides carefully…

Rich Cash

I have always thought that if in 1929 we had all continuously repeated Two and two still make four, much of the evil might have been averted.

Bernard Baruch, Presidential park bench advisor

http://www.youtube.com/watch?v=0ltAGuuru7Q 3:39

13 million people can’t be wrong, or can they?

Iz we talking Bull or Bears here Bruddah?

Both the popular Dow Retail indicator and Large Cap SPX Institutional Indicator done gone went over to the Bright Side with unashamed ebullience of late.

Moths to a flame while Insiders sold 62 to 1?

The INDU Dow 30 Titans were up +68% in a little over a year, now with a +3% target 356 points higher.

http://stockcharts.com/charts/gallery.html?indu

The S&P500 blue chips were up +76%, currently with a +10% target 120 points higher.

http://stockcharts.com/charts/gallery.html?s=spx

The only missing ingredient seems to be volume.

Hmmm.

Talking heads assured us there would be no double dip and cash is definitely not king.

They say, Missing volume may be only a matter of time…

…Just 6 trading days until the end of First Quarter Reporting.

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This entry was posted on Tuesday, March 23rd, 2010 at 7:40 pm and is filed under Market Psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.