The dips were quickly bought and the market rocketed higher.  Not even Iranian war ships in the Suez Canal can keep the market down.  We are again extended and seasonality is trending into the negative zone.  We also have some chatter that some FED members may want to end the bond purchase program early due to a pickup in the economy and in the inflation figures.  All eyes will be on the March 15th FED meeting.  Some consolidation maybe in the cards, but Jesse Livermore said that he made his biggest gains by just sitting on his hands.

Related posts:

  1. Going Forward
  2. Going Forward
  3. 11.15.10 – Positive Bias Carries Forward
  4. 11.15.10 – Positive Bias Carries Forward
  5. Mixed Signals