This rally has defied all logic and fooled most of the mutual funds if the newspapers can be believed.
The DIIs can't keep on selling forever when it's going up and neither can the FIIs continue buying at higher and higher prices so something has to break the deadlock and drastically.
Imo, thats going to be worth watching.
The US market is going up on hot air, volumes are the same as when the SPX was at 800.
All the "guruz" were on US TV calling for a market rollover from mid Jan, including Granville, Demark and others, and the SPX is making new highs. :rofl:
The next month is going to be fun all right.
The DIIs can't keep on selling forever when it's going up and neither can the FIIs continue buying at higher and higher prices so something has to break the deadlock and drastically.
Imo, thats going to be worth watching.
The US market is going up on hot air, volumes are the same as when the SPX was at 800.
All the "guruz" were on US TV calling for a market rollover from mid Jan, including Granville, Demark and others, and the SPX is making new highs. :rofl:
The next month is going to be fun all right.