Party Time

• Posted by UpsideTrader
• on January 4th, 2011

The bulls kicked the bears in the jewels yesterday and said” not on my watch.” Oil is ripping and the dollar has continued its glide pattern of an anvil. No one will ever eat again as agriculture is going stratosphere. Coal has cured cancer and although China is tightening, steel rocks higher as everyone will be living in little pink houses all over Asia.

Bullish sentiment is completely off the charts and market complacency is an understatement. CNBC cant seem to give perma bull Ned Reilly enough face time the last few days and all is good with the world. If you aren’t using options or raising stops to protect your gains you may be diagnosed as clinically insane.

I’m loving this rally, but am being very careful here. Maybe we go strait line to 1300, maybe not. Just be careful out there.

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