Monday, July 12, 2004

The thrust off the lows this afternoon is showing some of the classic signs of an impulse move after a grinding move lower.  This could result in a rather stiff move higher, tho I still don't think we have the pieces in place to be aggressive on the long side for longer-term swing trades.  Watching how the market reacts after the huge plus TICK reading we saw about 15 minutes ago and correcting back to zero, it looks as though there should be more to go on the upside here in the short-term. 2:34:17 PM