22 MAR 2011, Tuesday (AM)

• The bounce continues....we're right at the 20 & 50dMA's.  Plus, price is at the late FEB-early MAR price congestion area.  We're still above the 90dMA which is a plus.
• So, we should find out over the next few days whether the upmove resumes or not.  I have no preference which way, as I could make an argument for both.  
• Of course, Da Boyz are back to their old games (chart below demonstrates)....yesterday's big up move was a result of a 20 point gap up opening (all overnight action) and then it chopped around in a feeble 5 point sideways range the remainder of the day.  They are good at trapping both sides, bulls and bears.
• One day at a time.

• Below, gaps from Friday's close to Monday's opening since 2000.  Notice any difference?