More better!

Well…looks like someone leaked that the Fed will not raise and decided to front run…oh, that doesn’t happen…does it?
Anyway, notwithstanding the Fed on Thursday, the “upper hand” by the buyers that we told you about off of Sept 8th’s action is gaining teeth and for the first time since the nausea, we saw some of our favorite leadership pop on Tuesday…albeit on light volume. Thus we believe that Aug 24 day that we thought was a low for now…is becoming a stronger low by the day. The bigger picture remains that there is a massive top overhead and still a clear lack of leadership but most definitely, at least in the near term, the tone is getting better as the worst areas are rallying off lows and the best relative strength names are setting up again. Stay tuned.
Of course, if the Fed surprises us and does raise?