Friday, August 26, 2011
Its 1:40 pm EST.
I guess we really called the trading range on the SP-500 it seems to be firming up but we need to burst out of that bubble that we just drew. But the Market is trying really hard to confirm that bottom. I have been locking in some good gains based on pattern recognition.
Bernanke did exactly what media either predicted or fed him, which is to affirm that the Gov't will be there to help if need be. That buy by Warren Buffet created a good run and rally and currently we are attempting to make a run to those highs. Based on his buy on B of A, he is betting for America (no pun intended).
Be carefull as we are still not out of the woods.
Be cool and Trade Smart!