September 16, 2009
“Last thing I remember I was running for the door
I had to find the passage back to the place I was before
‘Relax,’ said the night man, ‘We are programmed to receive
You can check out any time you like but you can never leave’.”
Since we sold some stuff two days ago, it’s natural we want to find the place we were before. But, as I read somewhere else today, maybe this is the Hotel California Economy and stock market. Let’s just say bulls put the pedal to it today squeezing any shorts and prepping for quad-witching beginning tomorrow and ending Friday. Things can get weird around this period and volume increases. Generally, it’s a good time to stay away but not so far this week for bulls.
Volume increased today and breadth was positive but not spectacularly so.
click to enlarge