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Pastimes : The Philosophical Porch

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From: Rarebird	3/25/2009 9:25:13 AM
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Transcendental Market Fragments: The Market: I got the minor pullback as expected yesterday, retracing a bit and correcting the huge move on Monday. If this correction is similar to last week's late pullback, the Market should be off to the races again on Wednesday, but possibly not until it gets a bit more to the downside first. Dow Industrials: Money Flow stinks. Yes, money flow indicates the rally is being used by the smart money to sell shares. The smart money is convinced the market is going to, at the very least, retest the lows. They are not always right, but they are right almost all of the time. NDX: This market tells me to expect more upside here after this consolidation gets finished. But bearish divergence on the volume oscillator warns this bear market rally will soon run out of gas. My topping zone refers to time, not price. Thursday is the ideal time for a top. Bottom Line: In a manic-depressive market, take it one day at a time. That's easy for me since I've been taking life one day at a time (and cherishing each moment) for the past 33 years ever since I was diagnosed with bladder cancer and not expected to live.

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