Is This Rally For Real?

sell 1000 shares at the current bid for the stock you are trading, did the market absorb your supply? Well there is your answer. But will the rally hold? That is the real question. There are broken stocks everywhere, some of them continue to show no signs of a bounce even with today’s strength, look at ADBE, BRCM or EBAY. The charts I posted earlier of QCOM and CSCO were shown to illustrate the potential of how far a bounce can carry market leading stocks like AAPL, BIDU, GOOG and RIMM. The charts were also posted to show that once the market leaders experience large breaks, you have to lower your expectations going forward. I am not making predictions, only showing a historical perspective. This is an excellent trading environment we are in, but only if you can seperate what you believe should happen from making trades based on what you see happening.