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[StillLearnin]

-Frist I have to give it to the bulls! I am still flat except for small position in DUG which I opened at 29.87 and my stop is on another new high in Oil.

Here are two things I am watching for overall market

The highest volume weekly candle on $SPX continues to hold things back there... 1417.89 majic number there

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=9&dy=0&i=p20674228401&a=137116340&r=8996.png

THis is the same thing Teaparty is looking at but drawn on differnt scale etc....I think this pattern may be in play

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=10&i=p17512369383&a=133453129&r=9131.png

Edited by StillLearnin, 14 May 2008 - 10:39 AM.