as you know i have been trying to wear horns for last few weeks. Has been very frustrating, but i imagine not as much as what the bears are going thru with the market that wouldn't die.
we had a brief exchange regarding the 1325 area of nas since it was a key support/resistance area. We have now closed above that level 5 of last 6 days and only missed by three points yesterday. I feel like a broken record in saying i think we are headed to 1400 area, but that nagging feeling just doesn't go away.
i was ready to take off the horns on a break of 818 spx this am. we reversed course right there. So, now i remain bullish but in a much more skeptical manner. It is time for market to put up (go up) or shut up (go down).
asia hardly reacting to our reversal. they are probably immune as we have had so many fail over last few months.
steve

2005...the year of the shorts and small dogs.