MysteryTrader's Commentaries
May
7
2007
the path of least resistance
by MysteryTrader
Overall Rating:
This bullish price runup remains unusually persistent. Although it may seem a bit overbought, the stock market’s path of least resistance is obviously up in all time frames. That does not mean that a shakeout at anytime is impossible, of course, so we need to keep our stops up to date. But a correction of any size would probably require a catalyst, and no bearish catalyst is visible at this time.
Tags: bday
