Tuesday, March 24, 2009

"Back to Square One"
2D, 15m. - Mar. 24th. - This was a "Funny Day" in the market.  Yesterday was very Bullish with a strong positive move in the market.  It held up well until the last 30-40 minutes of the session when the bottom seemed to drop out.  But is this really a "bottom dropping out?"
5D, 3om. - Mar. 24th. - This Blog is devoted to recognizing the overall importance of recognizing the importance of Swing Trades associated with the ups and downs of the 10/30 Moving Averages.  With that in mind the Bull Potato is still intact.
20D, Hourly - Mar. 24th. - We are in an Intermediate Bull Move.  The two most recent stimuli to the market moving up were two government actions to continue to "Bail Out" banks and resolve toxic debt.  While solving these problems is welcome by all, there are also negative concerns about inflation as well as concerns about the health of the overall economic system. 
3M, Daily - March 24th. - The Bullish "V" Formation maintains viability at this time.  The Bull Potato is still in force.  The market remains above the 10/30 Moving Averages.