DONT FORGET TO DO YOUR TAXES !!
Just finished mine finally and submitted....relief.
Tuesday, April 13, 2010
Mid Week Chart 4-13-10
DONT FORGET TO DO YOUR TAXES !!
Just finished mine finally and submitted....relief.
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3 comments:
MOOrso,
There's no relief like tax relief... I mean after the filing. Can't say prayers long enough to thank the Lord when it's over.
I don't think we'll actually go down into Friday, particularly that the last swing already kind of inverted. This is such a relentless bull market like 2003-2004. However, we're still in the EW 1 and I really want to to see the big 3... what a blast-off. As with all corrections in this rocket-ship market, the big 2 will probably faill to retrace the usual 50-62% of the former 1 advance. It'll be more like 38% or so. And we're not there yet by a long shot. It's not worth even thinking about going short this market.
Joe
Joe...agree, I wouldnt think going short in this environment. Most are unsuspecting of what is going on right now and will be even more shocked as it continues. Stealth bull is all I can think. Those with guts to put aside fear will do very handsomely in the months ahead. Those with fear will be left behind and get upset at the market calling it all kinds of names.
1,200 plus should be a cinch and I think 1,400 is on the horizon. I was thinking last night, da cheifs clx system did not seem to work during the strong bear market...nor do the offsets work in this evironment....as he would say "plowing throug the offsets". Indicates the strength of the market when it does not react in accordance with the offsets.
You can name any indicator and it will scream overbought. Yet we keep on going up relentlessly. We may see 1235 before a more serious retrace. In this market a 20 point decline is already serious and exceptional, so I wouldn't expect too much there either. In terms of the tides let's see what happens around the end of next week.
Joe
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