Monday, March 22, 2010

Monday update

Well, President Obama got his wish for Healthcare (at least so far as we'll see what happens when it is challenged in the Supreme Court), and I wouldn't be surprised if he had the fed make sure there was no market collapse on the morning after that might reflect badly on his policy decisions. So, overnight weakness was once again bought and the market rallied. Unless 1169 holds tomorrow, we're looking for addiitional strength for the remainder of the week.

On the old reliable 10 day ATR, we are nearing a potential confirmed sell signal. One more volatile day should do it.
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