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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