With Dow Jones increases 116 points now, more than triple digits 2 times in a row, who still thinks that we aren't in a bull run?
Like what we did mention 2 days ago, we assured that this bullish run engine has just got started. We should take the opportunity during last few days drop to accumulate at any time instead of selling away into panic that market might consolidate.
For last article and chart of the Dow:
By studying the intraday directional movement of the index and the how many points Dow closes everyday and how the index reacts to the bad news and good news will give you the real indication of how bullish a market is. Combining with the confidence from Wallstreet over the fiscal cliff issue, let us ride this bullish run till it is gone.
To me, market can't drop much now. This is the best time to get in the bandwagon! Christmas carol is in its best tune! Let us rejoice and celebrate now till santa comes to town!!!
In the next article, we shall discuss about the famous january effect and the famous first 5 days of the year indicator which is supposed to give us the direction of the year!