What a big reversal for the major markets today. As the market does best, it brought a very unexpected rally to start off September. Yet, we had just finished a post not even a week ago about Bullish Sentiment At All Time Lows in which we said:
Now of course, just because the masses believe the market is NOT bullish doesn’t mean we are headed lower overnight. As I’ve tried to teach and preach on this blog – it’s the opposite view that usually wins i.e. the markets will actually head higher! When everyone else is bearish YOU want to be bullish.
Case in point today. Nobody, including myself was expecting a 3% move higher (or was I expecting it…)
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