Friday, May 29, 2009

When Least Expected!

Once there was a breakthrough, there was no holding it Back.  The Bull are in Charge.  All Bears are in Retreat.
2 Day, 5 min. -  May 29 - Unimpressive internals and choppy market action for most of the session.  After everyone had gone to sleep the Bulls jumped out of their pens and went at it with a vengeance.  There were incredible market gains in the last 30 minutes of trading.
5 Day, 15 m. - May 29- A Channel placed on the chart amazingly shows the final destination of the move.
3 Month, Daily - May 29 - Instead of a Bear Tilt we are back to Continuation of a Bull Trend.  It is just so long that you can fight the market with what you believe will happen.