
How to Play This Hated Market

By Rev Shark
About this article:
Love involves a peculiar unfathomable combination of understanding and misunderstanding.
-- Diane Arbus
Strong economic reports from China and Japan are putting pressure on the dollar and pushing the indices up sharply in early trading. If gains hold, we will see a new high for the year in the S&P 500 this morning. Gold is up strongly and is also trading at new highs.
So now for the fourth month in a row the market pulls back and comes close to breaking below its uptrend line and then suddenly roars straight back up on declining volume to make new highs. The only thing more surprising than that sort of technical pattern is how consistent it has been.
Another very interesting thing about this market is that market players have no great love for it. The latest AAII pool shows that bullish sentiment decreased to 44.4% from 48.3% and bearish...

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