Even I am amazed! They must have this thing on auto pilot.
Bears are trapped and won't be let out easily. Too many of em Friday.
Mike Burk said that this is one of the strongest weeks in the 3rd year of the Presidential cycle.
The sentiment going into to today was almost EXACT to the May bottom.
The one difference now: overhead resistance.
Oh yeah, I almost forgot: THE MOON. we are heading into the 3rd quarter moon July 7th, which is often near lows.
I predict a flat day Wednesday.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p51570748413&a=95529637&r=5343.png
Edited by Rogerdodger, 02 July 2007 - 10:52 AM.