The Bull in a Full Charge

"The Bull Roars Back in to Action in a Big Way.  Bears Beware!"

2D, 15m. - Mar. 23 - There was a complete reversal of sentiment, direction, and momentum following the Treasury announcement of Private Investors being offered opportunities to buy discounted and guaranteed "Toxic Assets" from banks.  This appears to be a shared risk by government and the private sector to again bail out some bad decisions on the part of government as well as Wall Street.

The intraday market displayed a frequently seen pattern of symmetry.  There was an initial move up followed by a midday sideways (flat chop) activity followed by a resumption of the upward move which is often a mirror image of the morning activity.  That is what happened today.
5D, 30m. - Mar. 23 - The Bear Move of Friday which at first appeared so Solid vanished with the U.S. Treasury presenting a plan to "Privatize" the toxic debt of Banks.  The market welcomed this action with open arms.  The wiped out Bear Move is outlined in the Gold Spot.
20D. Hourly - Mar. 23 - Bear Potato gives way to the Bull Potato.  The Bernanke Bubble was followed by a decline which appeared at first to be a resumption of a move to the downside.  This has been followed by a U.S. Treasury decision to offer "toxic debt" owned by banks to the private sector with government guarantees or discounts (of course funded by the hard work and credit of the U. S. Citizen).  The market liked it all.
3M. Daily - Mar. 23rd. - "V" is for Victory.  There is a strong reversal that has developed over the last 10 days.  It was seriously threatened Friday and looked like a Cooked Goose until the Treasury deal turned things around.  Will this have a lasting effect?  We will watch, wait, and see.

"The Wounded Bull Fights Back"

"Treasury Action Spurs Reversal of Trend and Momentum"

10D, 30m. - Mar. 20 - The Windsock has shifted due to Treasury announcement of Toxic Debt financing by private investors.  It remains to be seen how lasting this can be in a volatile market.  We must always be ready to modify our positions as circumstances change.