Wednesday, April 15, 2009

Stock Market Update - Mid Day April 15, 2009

Here is a 60 minute chart of the Dow. Tick Data is moving up again ... note the read line with the price and the bottom chart is a short term indicator ... it also looks to be moving up for the very short term.


  1. so do you think this is just a bear mkt rally we are in or something of more substance?

  2. See my update for the 15th. I will start making the case we will see some type of correction ... the only question is how deep and how long. At this point I would not put any new money to work on equity long positions. Wait for the pull back in the market and use your stops wisely. I still think the market has more room to move up over the next few months once we get past the next few weeks ... then as the old saying goes we will have to wait and see.