Thursday, April 7, 2011
1342
I am getting a bunch of projections to that number. Now I dont know if that will be the secondary highs of the last highs or just where they would like to push the market to here. We will see- A whole lot of nothing going on this week except of the move caused by the second quake over in Japan. I think it is a good thing we pause right here and consolidate but the market will do what it wants to do.
No Action
We are in a period of consolidation here. Yesterday was brutal to watch as we were in a tight range for the whole day. The S&P traded within a 2 point range for two hours, crazy. On a different note I do see some of the Nasdaq leaders show relative weakness, for example GOOG and AAPL and this makes me cautious here especially with the low volume. Stay light here this the market tips its hands or play long term time frames, it is just not worth it.
Subscribe to:
Posts (Atom)
