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Wednesday, March 31, 2004

A slight pullback today, Dow down 25 points. GE and MSFT both down around 20 cents. Advance/declines were pretty positive though. I think it's a market that wants to go higher. But it is still overbought in my opinion and needs some type of pullback before a long position in something can be entered. I will try my best to wait for the employment report on friday. Perhaps place a limit order on thursday with best case scenario pricing. In other words, set the price for the ideal situation. If it happens, great. If not, there's always next week. Intermediate term indicators tell me some weakness is due friday or monday. Never said this was easy. It certainly isn't...

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