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Re: None

Sunday, 04/03/2011 7:34:50 PM

Sunday, April 03, 2011 7:34:50 PM

Post# of 8321
Last week, I said that I was not liking how long the market took to turn my best trend indicator up, as it made me worry about the quality of the rally. I was bullish, but looking for some trouble. We got less trouble than I expected. This week, we have a load of seasonal strength. The first week in April is typically pretty strong. Liquidity is obviously great. On the other hand, TSP is on a Sell and more importantly, NAAIM is also flashing a ST Sell. Those signals tend to be pretty darned good pretty darned quickly. I'm pretty sure we're going to get a down draft one day and I suspect that it will be Tuesday. I think we have to be accumulating on that weakness too. We've got more strength coming. My call for the week is again for a rally early on Monday and a slight fade late and down hard on Tuesday, and then chop higher into the end of the week.

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