Tuesday, May 1, 2012
1405
well the 1405 was barely hit last week so what now?
As most folks know my work is 100% technicals and when I get numbers and we don't hit I use them as failures especially if we try at these numbers a total of 3 times.
Today is May Day in Europe and therefore I expect a very low volume day and it might take till thursday to resolve where we are going.
In the mean time I see articles on sell in May and go away popping up but we will see if it true once again. Remember the market highs last 2 years have been made in the April time frame so it is not time now to be carelessly LONG.
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