Wow is all I can say! They sure are not making it easy are they. We had a flat open today and a retest of the 754 pivot talked about last night and then a launch higher. But it gets better! Then just when things looked good we get another retest of 754 and again holds above on a closing basis and up we launch again to the important 778 area suggested. This area was an important decision area for the bulls, but unfortunately the energy level it took to rally the markets all day was spent and we rolled over to 764 by the close. Ahhh! Will we ever hold and rally! More thoughts later tonight! Cheers!
Wednesday, February 25, 2009
Are We There Yet?
Wow is all I can say! They sure are not making it easy are they. We had a flat open today and a retest of the 754 pivot talked about last night and then a launch higher. But it gets better! Then just when things looked good we get another retest of 754 and again holds above on a closing basis and up we launch again to the important 778 area suggested. This area was an important decision area for the bulls, but unfortunately the energy level it took to rally the markets all day was spent and we rolled over to 764 by the close. Ahhh! Will we ever hold and rally! More thoughts later tonight! Cheers!
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