16 April 2007

Keep Moving

Things have quieted down substantially from the morning fireworks perhaps in regard to the tragedy at Virginia Tech or just lack of vigor on the part of the bulls...it seems we may be rolling over here as what I would assume is the high of the day was printed before lunch and not after as can usually be the case...I'm thinking that could be the high for quite a while but we've certainly thought that before and have been proven wrong...the action at that point seemed very toppy...anyway, internals continue bullish...if they can turn things around here and break through that 1850.50 number then I want to back off for the next few days as expiration week could get carried away to the upside as pressures could throw a wrench in the free flow of trade...jfg.

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