well it would be nice if your pattern worked better this time than last. dont need 8 green days in a row jammed up my backside. i dont have stong opinions on up or down. either could happen. one thing for down that is almost too obvious, is after last expy(march 21st top) we puked hard the next day. that would be nice, but im more of the belief that they jam the shorts some more and we ramp it on monday. Even if we do dump early in the week, this doesnt seem in a hurry to reverse. i will study the charts over the weekned to get a better feel for wehre we are.
one cool thing is we get to watch europe tomorrow. england and france should be up 1-2%(to catch up) or they are indicating they are tired. it is odd that germany which is the weakest fundamenatlly is the strongest on daily chart over last few months.
the vix and vxn continue to go way below where i thought they would at this juncture. their close bodes well for selling in indexes, but they could always go down more if we go up on mon.
the feeling i have the last few days reminds me of a few of the past few tops, so either we are VERY VERY close if not in today, or we are going up and positiontrader has been right. a big move up on monday and we have a HUGE breakout imo and i and 10 zillion others will be doing a mad dash to protect ourselves.
steve
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