Waxie's gotta handle on this freaking market as you can see by his thoughts posted around midnight last night. If this is a major dip, it will be met with massive buying according to Waxie. Still a few hours to closing. Funds rushing in, fast and furious, worried about missing the rally. Well, for now at least we are in BULL territory.
EVery news is received as good news.
Ah, not quite. Market is way overbought and is ready for a pullback to rest and consolidate. I suspect that any real dip will be met with heavy buying, but we probably get a pause here unless we get more good news. They almost have to be, so we may see some profit taking. What we sold, I'll be back buying if it dips much more from here.