All Trends are Up
The market rose 134 points yesterday, on a continued
wave of buying pressure.
"The market was definitely underbought yesterday," said
Jason Q. Nostradamus, Senior Analyst at Jess, Knaw, and Mebbe,
"and this led to an upward pressure on prices.
If there is still upside headroom, we should expect further
movement in the positive direction tomorrow."
"However," he notes, "if the positive space has run out,
we would find ourselves in an oversold position, and we might
see a converse downward pressure."
Trisha Stargazer, of Dewey, Gnowit, Ornot, agreed:
"We should certainly expect to see this performance
repeat itself tomorrow.
Unless it doesn't."
Other analysts surveyed noted that today's rise in the
index was caused primarily by people being willing to pay
more for stock.
Or something like that.