Wednesday, April 21, 2010

4/21 Daily Commentary

Unchanged today.  Weakness after close due to ebay. 
7 trading days to the peak I1.  Market will more than likely not stay in trading range that long.  Which way?  I never fight I1 in normal times.  Plus, I have not gotten a technical sell signal.  The technical composite reached -20 which is 2 shy of a signal. So, odds favor further upside, new highs.
Holding powder dry for commodity shorts until 4/29 as well. 
Critical support break point at 10,950 as of the close. 

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