Excellent video on Geithner Plan

Sentiment

Sentiment the last two weeks has been cautiously optimistic. The massive dive of stocks and high level of shorts have led to a nice move upside. I have to be honest I thought we would get heavy resistance at 7400-7500 on the DOW but we surpassed that level (Maybe 8400 is possible). My main reason why this happened was the constant interference in the market by the administration, these two week have been historic in my book and believe me I am drained from being sick and trying to figure out why we move so parabolic to the upside.
Well I hope April sets up nicely as I am looking at some charts and I think we will have more clarity in a few weeks. The wave count traders have been wrong on the count but that doesn't mean they are wrong just wrong about the levels, much like I was.
The last few months have been easy to trade but then comes period like this where is is complete chop and no technicals works because it is mainly just shorts covering.
But fear not this time will pass in my opinion within three weeks, especially when we get the news on mark to market and the President decides to start off the tv and stop messing with the market psyche.
We will rock this year

SKF

Long 1/2 share today @91. Will add lower if I need to.

SKF

Buying 1/2 SKF in the morning as a position trade.



currently @ $90.36. looking for $85-90 fill

This is what I am looking at

DOW 8000

They will surely push us over 800 here I am thinking 8400 is an area you want to definitely start scaling in to short. I surely will ! That area would correspond to that 855-875 area which is a sweet spot. We will see soon enough, right now windows dressing is calling all the shots

Action today

I have a feeling the big money is just buying futures and keeping them for higher prices. The necessary internal are just not making me believe it is funds putting money to work. From my experience they will continue to push up the futures till the suck in some funds guys who might just start to think wow this is really a new upside market. When we wee this they the smart money will start dumping and shorting.
Again it is just chop fest in here and I hope we get these market to market etc out soon to continue the regular type of trading, geez I just can't wait to get relief out of this chop.

CHOP CHOP CHOP-