Once again the market doesn\u00e2\u20ac\u2122t deliver on expectations of the masses .. not much of a surprise there. Many market commentators had been wondering if we\u00e2\u20ac\u2122d get the Christmas rally. What was that we had in November? The Christmas rally came it a bit early this year and another run up like that was possible but not probable. The market was due for consolidation and that\u00e2\u20ac\u2122s exactly what we\u00e2\u20ac\u2122re seeing now. No reason for concern as the market works off recent gains and consolidates quietly with holiday volume. There seems to be some trepidation about January as the sell off of last January lingers in the minds of traders. Perhaps the market will surpise the masses again and we\u00e2\u20ac\u2122ll get a forceful rally and break to multi year highs once again. We won\u00e2\u20ac\u2122t get a true sense of direction until traders return from time off, but currently there is no reason to think that the run can\u00e2\u20ac\u2122t continue after a bit more consolidation. Support levels remain intact. Here’s to a great 2006 – Happy New Year!<\/p>\n<\/p>\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Once again the market doesn\u00e2\u20ac\u2122t deliver on expectations of the masses .. not much of a surprise there. Many market commentators had been wondering if we\u00e2\u20ac\u2122d get the Christmas rally. What was that we had in November? The Christmas rally came it a bit early this year and another run up like that was possible … Continue reading Expectations of the Masses<\/span>