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Tuesday, April 27, 2004

It's tuesday. Monday was another nowhere day. Dow down around 30 points on light volume. Today we had some gains early, the Dow was up 80. But we've come off the highs and are up 30 with a half hour to go. It looks like maybe a little downtrend could start here but I don't think it would last long. Things are still mixed here, with no clear signal. The Summation Index is still pointing down but like I said before this can't go on forever. The CBOE call/put ratio is getting bearish. And we've got the Fed next week. It's really time for me to sit back, be patient and wait for a good entry. Can I do that, is the main question...

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