
Thursday, December 11, 2008
Removing the noise, we 're going up
Taking a look at SPX weekly chart, there is an overhead of low resistance ahead(light blue area) and I expect market will catch a lot of bears by surprise when we enter the main holiday seasons. Year end rally always play out as most people will forget the bad news, bid up stocks' prices for everyone out there is expecting this rally. I've positioned myself to be long and would want to remind myself to remove the noise out there as some blogs out there are painting a very bearish picture for the market. Especially the Pros that owned a blog. They are right but they are simply ahead by a couple of weeks.

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