Big rally in the US ... I have to try to reason if this is just short covering, or for real. The bear market rallies are normally the strongest simply due to the shorts all trying to run out the door together at once, all heading for the same toilet with a dose of Montezuma's revenge!
All the indicator chip codes are between 2.5 and 4% up for the day currently ... SOX, SMH, TSM, AMD, NVDA etc.
I've managed to accumulate a few over the last three days so don't feel naked if this turns out to be for real.
Going to be a fun day I expect.
4DS - Anything but Charting, page-23745
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