Gut tells me that ahead of the AAPL earnings, we will have a strong close today, so I will be very careful to avoid getting caught short in a steady drift higher on the 2nd half of the day.
The top is near, point wise we are very close, the timing is the tricky part. Market seems hell bent on squeezing as many bears as possible for as long as possible.
There will be that sweet pot of honey at the end of the rainbow, but only for the most persistent and tenacious bears willing to overcome all the arrows thrown their way for the next 4 months.
Monday, October 19, 2009
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