Fast moving market...

Up 20% in 13 sessions and down 5% in 2 sessions. That is the kind of fast market we are in.
A pullback after a big move was logical move, but the nature of this pullback does not inspire much confidence.
It was sinking like a stone for last two days with not a single counter trend intra day move.
It is end of quarter and futures are indicating a up open. So we will see how the session goes.
If this rally has legs there should be soon announcement of new IPO's. If that does not happen in next week or two the rally is suspect.

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