This chart attempts to show how the Dow (DIA) tends to surge above short term upward trends, as shorts cover and fuel the ongoing rally. As the shorts capitulate, the pig eventually runs out of energy and flops into correction. Will it be different this time (at the 133 target), with the Dow finally taking a scary correction (or worse) right on cue with the 'sell in May (or June)' bromide?
We'll have to wait and see. But the odds are something is coming, once we get enough dumb money sucked back into the markets.
http://www.biiwii.blogspot.com
http://www.biiwii.com
