jako's - top pickers nightmare - friday

Morning Trendsetters

Entering the Rockies on the slow climb from Vancouver.

(Perhaps the xjo train rumbling steadily up the slope.)

Looks like that 5000 peak is some ways off.

The three red lights represent.

1/ High Aussie dollar.
2/ Mining taxes.
3/ The third, I tried to negate yesterday, but was flattened by a massive, falling arse with red hair..as mentioned by Retska - yesterday.

Frustration

Hands up all those that feel it. The old 'Fraid I'll miss out dilemma'. Our Trendsetter of the day describes it well...

'The slow, creeping rally we have seen since December is not uncommon. Look at March 2010 and you will find another rally with narrow ranges and low volume. Something I call a 'Top pickers nightmare'. The Market is solidly in the hands of the buyers and the wave chart gives a strong message...buy the dips.' Jako64

Our normally - cynical with bullishness - Funky confirms...

'This market is going to just keep heading up imo. El Capo you may be waiting a while for that top I think. This market looks bullish and can keep on grinding it's way up.' Funky

Thanks CEBBY, DISCO & PAULEY for keeping things moving this week, while I've been moving house.

Another holiday snap 7000 feet above Banff.

Honey Dew feeling on top of the world.

Good luck today xjo'ers