Check out the cover of Newsweek - 20100415

All the signs of a correction are lining up as indicated in both the technical’s and propaganda articles like this:

http://www.tradeabovewallstreet.com/Site/images/newsweek.jpg

When you start to see articles like this, about anything, it’s time to go the opposite direction. 
- Dennis Glore

A Subscription to Trade Above Wall Street's - Key Access gives you in depth research, charts, analysis and notices on our positions and trades.

2010-04-06 - $SPX - Daily Candlesticks

We continue to see gravity defying, overbought markets that ignore any seasonality. By mid-week of the 1st week of earnings season the markets tend to lose any momentum they've gained going into it. Today should be the bulls’ last hurrah and we should start to see a pull back in the markets. This is good for us because we're about to be shaken out of our SDS, TZA and QID positions.

$SPX - Daily Candlesticks: "

via StockCharts.com
"


- Dennis Glore


A Subscription to Trade Above Wall Street's - Key Access gives you in depth research, charts, analysis and notices on our positions and trades.