Jumat, 16 Maret 2012

03-16-2012 observations

We broke above 1400 target.  Seems though the market is losing upside momentum.  The DOW has been up 7 (or is it 8) days in a row and runs like this are rare and overdue a rest.  I suspect we could see 1408-1410 as a top.

In looking at the charts is see once we reach this juncture of cycles though the market tends to go flat for 4-5 days.  Here is the SPX showing this:

GL traders

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