Thursday, April 3, 2008

Moon Shot

I will say this in print, we will see new highs in the market by July expiration. Why is this? Successful retest of the January lows followed by 3 300point up days in a month. All this converging with a 40 week cycle low in the Elliot wave cycle and bearish sentiment at all time highs. If you add that to all the liquidity added by the Fed, you have a recipe for a quick run to the upside. The sell in May crowd is short right now and will create demand quickly for stocks.

Ah, Final Four, first weekend of MLB, it couldn't get much better than this.

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