2 MAR 2012, Friday

• As stated in 5 FEB post, the market has merely continued it's slow crawl upward against the Bollinger band.  It has been amazing how long it has slowly crept upward.
• Picture above from Gann360 on Twitter, looks back at similar moves in the past few years and finds a day count of 50-56 days until at least a 3% correction.  Yesterday was day 51.  Would tend to indicate a correction is coming...only questions are when and how far and no one knows.
• Healthy markets need to breathe...it is atypical to just inhale without any exhale.
• Below, Federal Reserve action periods (QE) over the past 3 years.