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Indexes Hit New Highs as Volume Grows
By BigWave_Trader on March 16, 2010
The Federal Reserve will keep the flood gates open and the market cheers as stocks hit new 52 week highs. Volume rose on the day as investors and institutions were happy with the Federal Reserves action. As we have seen in this market, we have a strong uptrend with many leaders continuing to act very strong. As the market hits new high on volume it is hard to doubt this market can not go higher. Fighting this trend will only lead to your peril. Today was another showcase about how strong this uptrend is and how dangerous it is to fight it.
Tomorrow we’ll have more commentary for you. Do NOT fight this trend.
Posted in Market Commentary