Monday, April 19, 2010

Bulls owned the market today

One of the first signs of a true change in sentiment is simply this: support fails to hold. Today was a fantastic day for buying support as can be seen by the following (we had a number of these in our newsletter last night). Don't get excited on the dark side yet until this type of sentiment shifts and support becomes meaningless. At same time note that our focus has shifted to buying the pull-back rather than buying the break-out.

The HCPG member who sends out the newsletter has had a catastrophic crash in the main computer. Newsletter won't be sent out until late tonight.