Thursday, April 28, 2011

4/28 3:00

DJ futures have risen to test the envelope of their 10-minute M/A.  A 10-minute close beyond 12,690 will cause me to lighten up, but so far it has held.  DJI has relative strength due to perceived safety. Normally I would attribute DJI strength to big money buying.   However, when the tide ebbs away from risk assets all the indexes will fall together.

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