Friday, April 3, 2009

"This is Too Good to be True.  Am I sure I can Handle It?"  
2D, 10m. - Apr. 3 - In spite of weak internals the market held on for additional support and gain.  The market continues to absorb bad news and seems to anticipate "better days ahead".  This may be true but caution is advised.
10D, 60m. - Apr. 3 - The "Windsock" proved correct.  In fact it is not even being changed by today's market.  The same tangential is simply projected on what had been there yesterday.  The price action remains on the top side of the Bull Potato.  The Action Buttons remain on "Go."
3M, Daily - Apr. 3 - "The Trend is Your Friend."  The Channel continues to ring "Bull Speed Ahead."  From past experience once you feel that in your emotions it will turn on you like a rattlesnake.  Keep your stops tight.