Friday, September 7, 2012

New Highs 'scored'...what happens next?

S&P500 Daily Close @ 09/06/2012
THE WEEKLY (08/31/12): "Expanding Volume Friday suggests that another minor high is possible, signs if/ when that happens to be awaited before setting any new ‘tactical’ positions.
Absent a Weekly Reversal; the bias remains that the market ‘wants’ to probe higher"......so far so good.
Friday's Non- Farm Payrolls either confirming the 'all systems go' for higher still or another 'oops' moment with the potential for this to be yet another 'minor new high' and back into range we go......again.