more market analysis

ppteam

建议不要猜顶，NND who knows the crazy bull. 每天盘末都有买盘。

we note that the amount of assets in the Rydex leveraged and bearish funds are now greater than the assets in the leveraged and bullish：
Despite the short term over bought conditions and the recent 5 day lift in the equity markets on diminishing volume, the markets continue to chug higher. As has occurred since March, 2009, bearish positions have been losing positions. It doesn't pay to "fight the tape".



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The big picture of the PowerShares QQQ Trust (Nasdaq: QQQQ) continues to exhibit a powerful series of higher-lows and higher-highs off of the March low at 25.63. Unless and until the Q’s break the prior significant pullback low at 39.02 (9/03), the uptrend will remain intact and dominant.

On the upside, if the Q’s are heading for the top of the March-Sept channel, then we should expect prices to climb towards 43.00-44.00 in the hours/days directly ahead. Finally, a pullback into the 31.30/00 area should be considered a buying opportunity.

(I think 31.30/00 is typo, should be 41.30/00)

Diffusion

Diver

harley

bigbadwolf

Finally, a pullback into the 31.30/00 area should be considered a buying opportunity.

(I think 31.30/00 is typo, should be 41.30/00)

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Another thought is that fund managers are not betting their own money for performance. So they will buy in the rally any way, since even at 1040, SPX is still far away from historical high valuation.

ppteam

no....