Evening Bernard, I agree that the markets could indeed continue to be Bullish and whether or not a move above 8600 can hold support might be the key. If we do clear 8600 then 9000 could be the next target. The Nasdaq seems to be the index triggering the selloffs at resistance though and the other indexes might be following, maybe. The INDU seems to be the laggard anyway IMO. If we don't hit resistance here then the next targets will be 1525 Nasdaq or 1150 NDX. I think that the INDU and SPX will just follow whatever happens here or there, continuation or pullback, maybe. Enjoy the Evening Bernard! :^) http://www.indexpulse.com/daily.html
Bernard I know you are trying not to read what everyone is reading and just trade the market but you may not know that Zeev has taken a more neutral stand on the markets and only if 1391 were to be taken out would he view the '03 Nasacre alive here. He is allowing for us to go much higher here. I've tried to trade more short term but I still hold some stupid June Puts that I need to unload. I don't want to carry them above here but we'll see if we don't get some retrenchment Monday as we are overbought on the 60 and the MACD turned down on the 15 min. see ya in the morning. steve
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