To all,
I am having problems getting onto the MDA website this morning.
Basicly, my position have not changed in that we should see a dip latest Monday and could even happen as soon as today. So, besides the
CLASS BUY signals earler in the week, this will be another opportunity that could be used as an entry for a short-term long position to participate in the rally into MAY.
Until, the overall market, sets new highs my position will not change
concerning a short-term top arriving early MAY and that an intermediate top has been set for most sectors, even if the DOW sets
new intraday highs. Keep in mind that my position is that this upswing
is just part of the topping process which started last week and should
end by early MAY, latest early JUNE(Memorial Day).
Yes it is possible that some sectors will retest their highs, but if
they do not significantly break thru, then that would probably form a
DOUBLE TOP, which would just be part of this TOPPING process.
Again, I am not calling for the BK, just a pullback of 5-10%+. There
is also the possibility that we could just see a trading range with
4%-7% swings.
seeya |
