Bombarded and Embedded

First trading day in April, Dow up 12 of last 15, 2008 +3.2%, 2009 +2.0%. NASDAQ up 13 of 15 day before good Friday, 9 straight since 2001

Good Friday tomorrow, market closed, Easter on Sunday

The market showed consistent reversal, opening at 10,907 and hitting a theoretical Dow low of 10,793. We good support lines at 10,650-10687 and think this area the market could move to, and from there, more upbound. With negative futures no entry should have been made to the call, and we will list the same call again, to follow futures,and to note the higher risk, as the market struggles. Our put hedge is a May issue. It will show nice profits without too much time erosion if we're right a correction is close to occurring in the 3% area from market highs.

Every day I hear that 17,000 IRS agents are out to make sure the census is taken and to "watch us" and each day I hear all taxes will have to be raised because of Obamacare.
It's an example of false facts in the market. Some of the above is true, some is out of context, and some is totally untrue. We have to filter these false facts out of unemployment figures,

U Of M Sentiment, what and where tax increases will be. Remember, you are bombarded and now embedded with data