Securities Research Services

Wednesday, December 20, 2006

Thailand Could Have Hurt, but it Didn't

With the market at vaulted prices and traders in a state of controlled anxiety as they seek to find the balance between staying with their trades and not giving back profits, yesterday's scare from Thailand should have been just the news to pull the carpet out from under the market. The fact that buyers used the morning weakness as another buying opportunity was very informative.

This appears to be a market that maintains full rally mode and the uptrend remains in tact and in good shape. There is still a lot of money on the sidelines that can be put to work at higher prices so once again, the trend is your friend and your friend is bullish.

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