Thursday, March 18, 2010

The Market Showed Clear Bias

"If we did all the things we are capable of doing, we would literally astound ourselves." - Thomas Alva Edison

The market hit highs of 10,808 yesterday, despite movement of less than 80 points for the day. The market showed clear bias, and may reach 10,900-10,950.

The bulls talked like bulls. And perhaps will find a bit more good news to keep the momentum up.
We'll hold our hedge put through Friday, and watch futures carefully, paying a call if we see a good bias. We are more than overbought despite the low count.

No comments: