- The last few days have been a roller coaster up, down, up, down...will the bear ever catch his prey...or will these silly games continue?
- Wow! A little follow through to the downside today. Hey...I'll take what I can get to the short side.
- The SH buy at 54.8 (stop at 53.7) is back in the black with a close today of 55.5. This has got to prove itself or it will "be fired" by the stop.
- So far all we've done in the SP500 is break down from a very short term sideways area which could possibly turn into just another retracement like we've seen the past few months. But it was very extended so it was worth a shot to find out.
- Intermediate term the market is still up until the SP500 gets some giddyap to the downside and breaks the yellow uptrend line from the March bottom to now and then some swing lows.
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