Last night was options expiry so normally what is gained last night will be lost on Monday, however facts are facts, the dow is above resistance.
Unless what happens in 1998 is repeated again things look pretty good.
If the Dow is actually able to hold 10700 next week I will be going long.
Mutual fund cash levels are to low for a bull market to come from this market, but clearly there is enough cash around to hold it up.
We may see the worst case senerio for everyone, another year or so of this pathetic sideways move.
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