Securities Research Services

Friday, December 15, 2006

Santa Arrives

Sentiment levels skyrocketed into the overly bullish category as the Santa rally arrived in force yesterday. Nevertheless, the gains look to extend themselves into next week as volume levels were solid.

Those doubting this rally will continue to bite their lips as prices continue higher. Even so, this rally should be treated as if it were the end game. It may or may not be, but while good short term trading opportunities are presenting themselves here, a longer term reversal may be developing. Don't be afraid to buy here, but just be aware of the reversal potential and be ready to take profits into continued strength.

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