Classic Wednesday before expiration. They will go after the puts sometimee in the next 7 days. But, longer term, I think that Justa is right, there is just to much hunger on the part of the dip-buyers for now. That cannot go un-punished for long.
Steve: I am rubbing my eyese here is disbelief. I just looked at one of my topping indicators (this one nailed the top of April 5th to the day and so many before it) and I cannot believe it but it is in play. No, it has not triggered yet but it will most likely in the coming days. The fact that the set-up is there is amazing as we have done nothing the past few days. The set up is usually there after a prolonged rally not after a decline and a period of doing nothing. But the set up and liklihood of trigger in the coming days is a headline development in my mind -- a real eye opener. The rapidity in which it came into play is amazing and astounding to me. But it fits with everything else I am seeing. I cannot express in words what I am seeing. It is mindblowing.
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