The Unpredictable Beast

spx_weekly1

More buyer-dominated volume sends the indexes higher.

Folks, all it takes is money and hope to move things higher. That’s what we got.

Pictures of Bernanke smiling yesterday are a big help.

So what we all ask now is: Have we seen the market’s lows?

Anyone who claims to know the answer is a liar.

The market is an unpredictable beast.

At best, we can only take odds on its movement week to week by analyzing price and volume.

Our analysis tells us when it’s good to go swimming and when it isn’t.

We still anticipate a pullback sooner or later. That’s when we’ll have our litmus test to see how Leadership stacks up.

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