Replies to post #486 on S2 Option Trader

[plashadpobedy]

The music keeps playing......

I read some comments recently that said all the banks did was take the TARP money and buy 10-yr treasuries with it at 3%+ and sat on them. We (the taxpayer) paid interest on money we (or the FED) gave them in the first place. Pretty sweet deal. No risk, no sweat.

Here's today's comments by John Bougearel (Structural Logic) for a continuation of the trend:

"Yes, Thursday March 25 2010 set bearish reversal days called upside down hanging men in the SP500 and Dow Jones, indicating prices were rejected above the high of Tuesday in the SP500 and Dow Jones. Overnight, the Dow minis found support atop last weeks highs and Wed’s lows, and the SP500 found support at Tuesday’s lows. The decline today was symmetrical in price to other recent pullbacks and bull momentum still favors trend continuation into the April 2 NFP report."

I got out of the market yesterday morning, when the DOW was up 60pts. Technically, we are still in the uptrend. It kinda of looks as the big boys will still squeeze things north to the magic 1200 level, fake a dip, then drive it north again. The bears got giddy yesterday's close, but I think it will be short-lived?