Wink, good stuff.
Some have been looking to the unemployment claims/numbers on Thursday and Friday in the US as a point to retreat.
That may be the case, but I would suspect a pullback is because it is technically due.... while fundamentalists will be looking for news to bring it on.
Unemployment is a two-edged sword. Sure, low figures are symptomatic of a buoyant economy. But out of a recession job shedding is also seen as trimming the fat so companies emerge as trimmer and fitter for the future.
SPX has been toying with the intraday of November 4 2008, and finally broke 1000 to come within 5 points off that day's high.
Wink, good stuff.Some have been looking to the unemployment...
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