Every day we scan the market pundits to get an idea of where the market mood is at. Why so many are bearish when the charts look so good is a real head scratcher to be sure. Nevertheless, the overwhelming level of skiddishness out there combined with a Fed willing to prop up the market and charts that are just screaming buys here, we may be on the edge of a serious sustainable market move higher.
In fact, the stars are lined up to give us another 2003. Long time subscribers know what that means. We made more in 2003 than we have in the years since. Add this up and that means that we could make more in the next 6-12 months than we made in almost five years.
The near term market picture is a bit choppy, but it is likely that the bears are going to get stung again later this week as we get the end of the month buying spree.
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