Monday, March 15, 2010

We May Have Another 70 or 80 point upsurge.

HEALTHCARE STOCKS LAG - DEFENSIVE SECTORS SHOW RELATIVE WEAKNESS - DOLLAR STALLS NEAR RESISTANCE - EURO BOUNCES NEAR 62% RETRACEMENT - INTEREST RATES AND THE DOLLAR - GOLD FALLS TO SUPPORT
That's our market. We were able to profit several times, but also sat on our hands more than normal as the market died in movement. We have updated our Dow Projections with much more commentary. Study the "stopping grounds" we are at, and watch and gain your own perspective on the health of the market.

It's Floyd's thoughts that we MAY have another 70 or 80 point upsurge, but that the market will contract to as low as the 10,280 level, and that it should. We have too much struggle, too much euphoria, take too many "facts" in first with Greed, then with fear.

There's more upside possible, but watch to see if with volume and momentum holds.

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