Friday, April 16, 2010

The Greed Stage

The market held up well through 3 p.m,with mild whipsaw. We're impressed that the market did hold this long, and project possible higher highs as noted in our new Dow projections.

However, we may now also be entering the GREED stage, or one of euphoria, and the longer higher highs occur, the greater the fall.

The market may just tickle us a bit. Any close below 11,050 changes the mood of the marketplace. We'll have commentary Monday on the overall trend to the market, and how we can profit.

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