Tuesday, June 2, 2009

The Bulls Rush In!

The Bears were Run Outta' Town - Bigtime!
5D, 15m. - Jun 1 - The move continues to the upside.  The bears have been greatly disappointed in the failure to get an expected "pull back".  Most likely many have been trapped in a Short Squeeze.
30 Day, 2 hour - Jun 1 - The Channel Trend continues Bullish.  Efforts to detect a break to the downside have all failed.  The Bulls have carried the day into higher ground.
3 M. Daily - Jun 1 - The Bull Run has been impressive.  It has taken place in the midst of continuing "bad news" & "gloom and doom" developments.  The market just shakes it off.  Perhaps it is telling us something.

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