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From: Rarebird	3/15/2010 9:06:08 AM
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Transcendental Market Truths (Fragments): The Market: The picture is clear: the market is at a short term top and should decline all this week once the top is in. Longer term, the trend remains up into mid-May for most stocks and a correction here should help bring in the buyers to push the market up to that major peak. EUR/USD: The Euro has almost relieved its oversold condition and should be rolling over for another leg down shortly. Gold: Gold should continue to underperform and will be vulnerable until at least the 4th quarter of next year. Miners: When the smart money doesn't want to own gold mining stocks, I don't either. Semiconductor Index (SOX): The wedge pattern is a very weak pattern. A fall to the support line (316-317 on the Daily) appears to be imminent. Nasdaq-100: NDX is extended and should fall from here. However, money flow is still indicating the underlying trend is for higher prices. The mid-May top looms directly ahead. Russell 2000: Money flow continues to warn that this is a terminal move in a bear market rally.

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