http://www.marketwat...../intchart.asp
The market is at 4000, and looks like a key resistance level.
I see that rates rose in China (the reserve requirements) earlier today to curb speculation - second announcement in a month, althought it wont be put into efect until 15 May.
This, and dollar strength, are the two factors I see as making the indices vulnerable to a decline at this juncture. That is why I am flat and too early to go short. Overall I have to remain LONG TERM bulish.
Edited by Tor, 29 April 2007 - 11:42 AM.