Wednesday, March 23, 2011

3/23 2:00

Stock market is going according to script.  Blue chips showing relative strength, which indicates underlying uncertainty by big money.  SPX has been showing overlapping so it has a different count than DJI.  SPX has over 50 points to achieve a new high, so it is unlikely by the close Friday.  I'm also counting Nasdaq as in an ABC up
If the Nasdaq does not punch through 2700 and takes out today's low then the top is in early.  I'll be in flight tomorrow but will have a metric in place to enter short in case the top is in prior to the ideal I1.

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