Market Sense and Sentiment

[RCKS]

Good morning Steve, You may be right in fading this high but I would be careful, this may be delta hedging and they will not unwind that until at least Monday.
This market is about the War IMO and each positive move adds fuel to this buying. At some point we will wake up and realize we have huge economic problems and the market will erode but I think you can throw the TA out the window here.
There is this rumor being talked about on CNBC now that Saddam was carried out of the Bombed Bunker on a stretcher needing oxygen. Now how do you allow for News like that in the TA of the charts?
I am long and staying long for now.
Good trading Steve
steve