Next Bull Leg started?
Nice move … have we seen the start of the next upleg of the Bull market?
Yesterday selling until the bell … then … BoJ … no rate move and more or less the assurance to stay put for the time being …
so we had nice reversals in Asia … Hongkong 
… and then the Yen loosing a lot of steam and the Carry Trade started to dominate … Full Throttle …
We were told, that bullish advisors levels were very low … we even had yesterdays CSFB Call to cut Tech holdings by 50% … answered by the best advance in the NQ since I think 2003 …
Oil down on new research out of Saudi Arabia that we still have MANY years left until we hit peak oil production … surprisingly …
Fantasy that Citibank might be split up into parts and positive comments from the CEOs of Goldman, JP Morgan and Bank of A. let even the financials fly …
So … after scaring most people out of the markets … after all the Stops of the fast money have been hit … this market could and should be ready to squeeze into 2008 …
ATH … and then 5 to 10% on top … why not ? Chance NOW … small STOP … and hold on to the rollercoaster … Dax 9500 … S&P 1700 …
Some smaller roadblocks still around … BUT … now the stop is small and manageable!!!
Tags: BoJ, carry trade, Citibank, CSFB, outlook
