Tuesday, May 5, 2009

All streched out

Everything in chartland looks like that rubber dude in the Fantastic Four. Is this the beginning of a rally or a very clever fake out. As one of the wise guys I follow says there has been a no pullback for 2 months and a 35% rally. What goes up must come down. Only time will tell but right now there are no clear setups to trade. I will keep an eye on things and report back later.