Thursday, March 12, 2009

MARKET COULD HAVE ANOTHER DISTRIBUTION DAY...

WITH LITTLE NEW...THE MARKET COULD DISTRIBUTE THE RECENT 300 POINT RALLY TO THE SUCKERS...

ANOTHER DAY OF VERY LITTLE CHANGE COULD BE THE RESULT...

THIS IS A VERY COMMON DISTRIBUTION CHART PATTERN...

WITH SO MUCH GLOOM BUILT INTO THE MARKETS...THE NEXT MOVE WILL BE FROM THE SHORTS...AND MOST OF THEM COVERED ON MONDAY AND ARE NOT WILLING TO MAKE THEIR NEXT BET UNTIL MORE NEWS COMES FROM WASHINGTON ON THE BAILOUTS...