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Tuesday, March 30, 2004

Another up day as the Dow tacked on 50 points. Overbought and staying that way. This could be one of those times where the market just keeps heading higher with no pullback to enter a long position. I hope not. But what do I know anyway? MSFT down a little and GE was up about 40 cents. No decisions made there yet. The McClellan Oscillator is now firmly in positive territory with todays numbers and confirms that the trend is up. Still the employment number looms for friday. There has got to be some money coming out before then I would think. Volume today was lighter then yesterday. Downtrend line on the COMPQ is still intact but the action suggests that it will be taken out. Probably need to get some MSFT calls. Don't like to make purchases when it is so overbought. Decisions, decisions...

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