The force (manipulation) keeping this market up certainly is not the fundamentals.  Thursday was an impressive (recovery) day after a gap down at the open. 

I still see the trend as short as of the 2/26/10 close.   I also think we’ll trade higher next week. 

How high? Don’t know.  We have been hedging our short position  and will increase that hedge with a close above the 50 day using tight stops.  I see gold as a buy again with a close above 1130-1135.

Long bonds provided the 10 year stays under 4%.

Will increase short exposure w/ a close below 1078 on the SPX.

Should be streaming radio with live charts over the net hopefully soon.

Stay tuned.

 

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