3/31/2010 12:56:28 PM
vmcd62
Posts: 7
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We have spent the last 10 days in the 1050-1075 range, and before that a tight up channel. I believe the market has run out of steam in the near term, and we're ready to see it move down and touch at least the midpoint of upward forks I have drawn on the daily. My guess is the 1110-1120 area in the next month.
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4/5/2010 2:52:32 AM
Traderbill89
Posts: 0
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As long as everyone doubt this rally it will keep chugging higher.
Mr. Market disappoints so many people.
Looks like any pullback will be bought at 1150
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4/5/2010 1:06:54 PM
vmcd62
Posts: 7
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Probably true Traderbill89...I am speaking from only what I see in the fork on the daily that was drawn a while back, and the fact that this move seems to be extreme for no good economic reasons...but the market will do what it wants whether I say so or not...and, what I see now on a chart will most certainly not be what I see a month from now...trade what you see is the smart advice of course. So far, it's still moving higher...
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4/5/2010 11:22:22 PM
SM
Posts: 30
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Been a one side trade since early Feb on low volume.
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4/5/2010 11:24:27 PM
SM
Posts: 30
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Trade the market which you have, not the one you wish you had.
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4/6/2010 11:09:46 AM
vmcd62
Posts: 7
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Good advice...
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5/6/2010 7:00:06 PM
vmcd62
Posts: 7
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Well, maybe I spoke too soon...but holy snikes, what a crash today! We got below the 1110 area I mentioned earlier....look out for major volatility!
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