Retrace fizzled, look more like extended consolidation coming.
Markets going strong for over a week. Looks like time for a breather.
Recovery highs made; bears were ambushed; time to retrace?
Getting close to the recovery highs on the S&P. Bears are crumbling.
Post holiday hangover, than recovery? Looking for new swing highs before this move is over.
Look for closing rally's on holidays.
It seems like nothing can hold this market down. Even with all that we have not been able to lose our trading range. Major momentum indicators have been lagging for two months now.
Keep your powder dry for better setups.
Tea party wants to take down America and rebuild the US in it's image. It won't be cheap. More like the French revolution than the American revolution.
The systems continues to flounder waiting to pick up some big gains. I know I have to overlay my own experience with the system, but have not been able to do so with conviction. The systems are there to help remove the emotional roller coaster, but maybe that is the price of successful trading.