11 MAY 2011, Friday

• Above....gotta love it for this manipulated market.
• Anyway...below, the market is sitting right at the MAR lows and on top of last years highs for days now.  Coincides with the 90MA, as well.  A lot of indicators I look at are indicating an oversold condition but does that mean up from here or a more oversold level (SP 1310-1290).
• The uptrend was broke in early APR and it has really been a broad sideways range since then.
• No matter keeping it simple because I know nothing and will just follow the market.  Above the 90MA and I look for intraday opportunities to buy dips...when below, sell rips.  Currently, two most recent days have closed below the 90MA.  If it bounces from here, back to buying and if it drops from here sticking to selling...Keeping It Simple Stupid (KISS).
• Operation Twist ends JUN 12th....perhaps Da Boyz are going to crack this thing down hard over the next few weeks just to give the Fed a reason to immediately do more QE to keep all the plates spinning before the election???
• Who knows...good luck.