Thursday, May 12, 2011

Still Bullish

Yesterday's big drop was a surprise to me, especially with the market showing strength this week and with the sentiment still very bearish. It was induced by strength in the US Dollar.

I still think the market is headed up, and I am ready to try going long again today.

The cpc made a big spike


and, also, we have a trend day down with a close around the 20 DMA

These are bullish developments in an intermediate term bull leg up.

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