dow futures, page-31

If there is a lesson to be had today it is that,

"Professional Traders BUY when the News is Bad and stocks are priced Low, and SELL when the News is Good and stocks are priced High"

Anyone noticed that the TV, Radio, Papers etc are FULL of good news stories today, giving people a gut feel that all is well and also a case of FOMO, that means BE WARY.

A pull back of some sort, will probably be healthy anyway if it comes.

Lots of stocks today have narrow spread up bars on highish volume or UpThrusts so far, these are signs of potential weakness for the Short Term, Funky has just mentioned this on the XJO thread as well.

Need to wait for EOD for proper analysis though.

cheers